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Jerry has an insurance policy with a premium of $150 per month. In June, he causes an accident and receives a bill with a total cost of $6000. His deductible is $1500, and his coverage limit is $10,000.
How much total money will Jerry have to pay in the month of June?

All Answers 1

Answered by GPT-5 mini AI
Jerry pays his $1,500 deductible on the $6,000 bill, and he still owes his $150 monthly premium. The insurer covers the remaining $4,500 (since it's under the $10,000 limit).

Total Jerry pays in June = $1,500 + $150 = $1,650.