Understanding the Car Insurance Calculation
To determine the difference between the price of the car and the amount received from the insurance company, we can break down the problem step by step.
Step 1: Determine the Insured Amount
- The price of the car = Rs. 4,50,000
- The car was insured for 80% of its price.
Calculation:
- Insured Amount = 80% of 4,50,000
= 0.80 * 4,50,000
= Rs. 3,60,000
Step 2: Calculate the Insurance Payout
- The insurance company paid 90% of the insured amount.
Calculation:
- Amount Received = 90% of Insured Amount
= 0.90 * 3,60,000
= Rs. 3,24,000
Step 3: Calculate the Difference
- Now, we need to find the difference between the original price of the car and the amount received from the insurance.
Calculation:
- Difference = Price of Car - Amount Received
= 4,50,000 - 3,24,000
= Rs. 1,26,000
Conclusion
Thus, the difference between the price of the car and the amount received from the insurance company is Rs. 1,26,000. Therefore, the correct answer is option 'D'.