Quote:
Originally Posted by KSilver2000
Do these make sense?
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I think so. Sounds like one of those math problems we had back in the day.
If I recall with math even if you arrive at the wrong answer as long as you explained the solution you got partial credit.
You paid $2000 for insuring the two cars for one year. At the six-months one of the vehicles was totaled . 1/2 a year times $2000 equals $1000.
Six months into your one year insurance you have $1000 left. Logic would say you might be entitled to $500 but the math gets fuZzy.
The insurance company now says if you insured one vehicle it would've cost $1500 a year.
$1500 a year divided by two equals $750.
$1000 at the six-month mark -$750 equals your refund of $250.