Rational Arithmetic

Cover Rational Arithmetic
Rational Arithmetic
George Pease Lord
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A factory is insured for $1 '25, 000 in four com- panies. A carries i of the insurance, B carries i, C carries i, and D i. A fire occurs causing a damage of $50, 000. For how much will each company be responsible ? • 4. A stock of goods is insured in four companies as follows : $1500 in A, $2400 in B, $3200 in C, and $2500 in D. The goods are damaged to the extent of $8000. How much should each company pay.^ 5. A building worth $85, 000 was insured for $68, 000, and afterwards damaged by fire t...o the extent of $4500. The policy contains the average clause. What amount of insurance can be collected from the company ?
6. A vessel worth $50, 000 is insured for $20, 000 in company A and $18, 000 in company B. The vessel is damaged to the extent of $20, 000. What amount is to be paid by each company ?
102 RATIONAL ARITHMETIC 103 7. I insured my building worth $80, 000 for 80% of its value at f% premium with the iEtna Insurance Company. The iEtna Insurance Company later re- insured $20, 000 in the Niagara Insurance Company and $18, 000 in the Massachusetts Fire and Marine Insurance Company.


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