Financial Algebra Chapter 8 Quiz 2

David Padilla has $10,000 worth of property damage insurance. He collides with two cars and causes $12,000 worth of damage. How much money must David pay after the insurance company pays its share?

• $2,000

• $12,000

• $10,000

• $0

Suzy Hernandez has 100/300 liability insurance. She drives through a stop sign and hits a telephone pole and bounces into a school bus with a bunch of little kids in it. Some are seriously hurt and sue her. Others have minor injuries.

The telephone will cost $10,000 to replace. She also did $11,500 worth of damage to the bus. How much will the insurance company pay in liability to fix the damage?

• $0

• $10,000

• $11,500

• $21,500

Mr. Marvulli went to Santa Cruz and some hippy with a Bernie Sanders sticker on his Honda purposely damages my truck door causing damages totaling $1,350. Mr. Marvulli has $500 comprehensive insurance and submits a claim to his insurance company.

How much will the insurance company pay?

• $1,350

• $500

• $850

• $0

Keanu Wilkenson has $10,000 worth of property damage insurance and a $1,000 deductible collision insurance policy. He had a tire blowout while driving and crashed into a parked car causing $3,500 in damages to the other car. The crash also caused $1,800 in damages to his car.

How much will the insurance company pay for the damage to Keanu's car?

• $3,500

• $800

• $1,800

• $4,300

Myranda Salyer purchased a used car for $12,500. This make and model used car straight line depreciates to zero after 4 years

Identify the coordinates of the x- and y-intercepts for the depreciation equation.

• (0, 12,500) & (4, 0)

• (12,500, 0) & (0, 4)

• (0, 4) & (12,500, 0)

• (4, 0) & (12,500, 0)

Roman Moisa purchased a used car for $12,500. This make and model used car straight line depreciates to zero after 4 years.

Determine the slope of the depreciation equation.

• -3,125

• -1950

• 3,125

• -0.0032

Roman Moisa purchased a used car for $12,500. This make and model used car straight line depreciates to zero after 4 years.

Write the straight line depreciation equation that models this situation.

• y = -3125x + 4

• y = -3125x + 12,500

• y = 4x + 3125

• y = -4x - 3125

The straight line depreciation equation for a car is

y = −2,750x + 22,000. What is the car worth after 8 years?

• 0

• $8,250

• $2,750

• $8

The straight line depreciation equation for a motorcycle

is y = −2,150x + 17,200. What is the original price of the motorcycle?

• $2,150

• $17,200

• $15,050

• $21,500

The straight line depreciation equation for a motorcycle

is y = −2,150x + 17,200. How much value does the motorcycle lose per year?

• $17,200

• $15,050

• $2,150

• $215