Find the amount paid by each of the multiple carriers.The Hamilton Race Track had a fire loss of $223,000. They had insurance as follows: company A,
company B,
; and company C, $50,000. Find the amount paid by each carrier. Assume the coinsurance requirement is met.
A. A pays: $89,200
B pays: $89,200
C pays: $44,600
B. A pays: $223,000
B pays: $0
C pays: $0
C. A pays: $111,500
B pays: $74,333
C pays: $37,167
D. A pays: $178,400
B pays: $22,300
C pays: $22,300
Answer: D
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