Question 11 Consider a policy with a R10 000 deductible and a recapture factor of 5%. Determine the amount of the deductible the insured would pay for a loss of R45 000. 1  R 8 250 2  R 2 250 3  R36 750 4  R10 000

FINANCIAL ACCOUNTING
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ISBN:9781259964947
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Chapter1: Financial Statements And Business Decisions
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Question 11

Consider a policy with a R10 000 deductible and a recapture factor of 5%. Determine the amount of the deductible the insured would pay for a loss of R45 000.

1  R 8 250

2  R 2 250

3  R36 750

4  R10 000

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