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(b) Mr. Kenny own a automible insurance policy associated with split limit of 20/50/15. One day, he was involved in a car accident where he
(b) Mr. Kenny own a automible insurance policy associated with split limit of 20/50/15. One day, he was involved in a car accident where he was found at fault because of he hit a car and cause damaged to a shop lot. There are two passengers injured and need compensation of RM30,000 each. The damage to the parked car was RM8,500 while the damage to the shop lot was RM20,000. (i) Based on the information, determine Mr. Kenny maximum liability limit. (2 marks) (ii) Calculate and explain the amount that covered by insurance company and the amount that he had to pay. (10 marks) (c) Ms. Hayati plan to purchase a single-story house at RM180,000. She is planning to pay 10% as Downpayment with an annual interest rate of 3% for a 30 years mortgage loan. Calculate the amount of her monthly repatment. (4 marks) (b) Mr. Kenny own a automible insurance policy associated with split limit of 20/50/15. One day, he was involved in a car accident where he was found at fault because of he hit a car and cause damaged to a shop lot. There are two passengers injured and need compensation of RM30,000 each. The damage to the parked car was RM8,500 while the damage to the shop lot was RM20,000. (i) Based on the information, determine Mr. Kenny maximum liability limit. (2 marks) (ii) Calculate and explain the amount that covered by insurance company and the amount that he had to pay. (10 marks) (c) Ms. Hayati plan to purchase a single-story house at RM180,000. She is planning to pay 10% as Downpayment with an annual interest rate of 3% for a 30 years mortgage loan. Calculate the amount of her monthly repatment. (4 marks)
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