Good answer but WILL YOU "PLEASE" DO THE FORMULAS STEP BY STEP? I can understand it better that way. I don't know how you got $$2,000\mathrm{.}0.$ Math isn't my fortae! I can't just look at a problem, here for instance, and know where the $$2,000.$ and the $10,000$ are coming from. THANK YOU SO MUCH!

You have an insured, Buzz Timmons that is the pastor of a church that is insured at $$500,000\mathrm{.}00.$ His church sustained roof damage due to an act of GOD. Damages area appraised at $$100,000\mathrm{.}00.$ His congregation has agreed to make up the difference in the deductible during the offering. How much would the church have to raise in order to pay a $2\%$ deductible. $$10,000\mathrm{.}00$ $$2,000\mathrm{.}00$ $$50,000\mathrm{.}00$ $$20,000\mathrm{.}00$