Jerry has an insurance policy with a premium of 150 per month. In June he's in an accident and receives a bill with a total cost of 6,000 His deductible is 1,500 and his coverage limit is 4,000 How much total money will Jerry pay in the month of June? square Lauren has the same exact accident, but her monthly premium she pays on her

To determine how much total money Jerry will pay in the month of June, we need to consider both his insurance coverage and his deductible.<br /><br />1. **Calculate the amount covered by insurance:**<br /> - Total cost of the accident: \$6,000<br /> - Deductible: \$1,500<br /> - Coverage limit: \$4,000<br /><br /> Since Jerry's deductible is \$1,500, he must pay this amount first. The remaining amount after the deductible is:<br /> \[<br /> 6000 - 1500 = 4500<br /> \]<br /><br /> Since the remaining amount (\$4,500) is less than Jerry's coverage limit of \$4,000, the insurance will cover the full remaining amount up to the coverage limit.<br /><br />2. **Calculate the total out-of-pocket cost for Jerry:**<br /> - Deductible: \$1,500<br /> - Insurance coverage: \$4,000 (which covers the remaining \$4,500)<br /><br /> Therefore, Jerry's total out-of-pocket cost is just the deductible:<br /> \[<br /> 1500<br /> \]<br /><br />3. **Add the monthly premium:**<br /> - Monthly premium: \$150<br /><br /> So, the total amount Jerry will pay in the month of June is:<br /> \[<br /> 1500 + 150 = 1650<br /> \]<br /><br />Thus, Jerry will pay a total of \$1,650 in the month of June.