Coverage on a One-Vehicle Accident

Bill Converse of Rexburg, Idaho, recently had his truck slide off a gravel road and strike a tree. Bill's vehicle suffered $17,400 in damage. The truck has a book value of $41,000. Bill carried collision insurance with a $700 deductible. How much will Bill be reimbursed by his policy? Round your answer to the nearest dollar.

Bill Converse of Rexburg, Idaho, recently had his truck slide off a gravel road and strike a tree. Bill's vehicle suffered $17,400 in damage. The truck has a book value of $41,000. Bill carried collision insurance with a $700 deductible. How much will Bill be reimbursed by his policy? Round your answer to the nearest dollar. $