The college's van used for student club activities was in an accident. The deductible on the policy is $200. and the damages were $ 2,953.96. What was the amount the insurance paid the body shop?

The amount the insurance paid = $2753.96

Step-by-step explanation:

Given,

Deductible on policy = $200

Total damage cost = $2953.96

The amount the insurance paid = $2953.96 - $200

The amount the insurance paid = $2753.96

Percentage amount paid by the insurance = (2753.96 / 2953.96) * 100

Percentage amount paid by the insurance = 93.259%