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The price of a car is Rs. 4,50,000. It was insured to 80% of its price. The car was damaged completely in an accident and the insurance company paid 90% of the insurance. What was the difference between the price of the car and the amount received?
  • a)
    Rs.1,76,375
  • b)
    Rs.3,24,000
  • c)
    Rs.1,82,150
  • d)
    Rs.1,26,000
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
The price of a car is Rs. 4,50,000. It was insured to 80% of its price...
4,50,000*( 80/100)*(90/100)= 324000
450000 – 126000 = Rs.1,26,000
 
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Community Answer
The price of a car is Rs. 4,50,000. It was insured to 80% of its price...
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'.
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The price of a car is Rs. 4,50,000. It was insured to 80% of its price. The car was damaged completely in an accident and the insurance company paid 90% of the insurance. What was the difference between the price of the car and the amount received?a)Rs.1,76,375b)Rs.3,24,000c)Rs.1,82,150d)Rs.1,26,000Correct answer is option 'D'. Can you explain this answer?
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The price of a car is Rs. 4,50,000. It was insured to 80% of its price. The car was damaged completely in an accident and the insurance company paid 90% of the insurance. What was the difference between the price of the car and the amount received?a)Rs.1,76,375b)Rs.3,24,000c)Rs.1,82,150d)Rs.1,26,000Correct answer is option 'D'. Can you explain this answer? for Electrical Engineering (EE) 2024 is part of Electrical Engineering (EE) preparation. The Question and answers have been prepared according to the Electrical Engineering (EE) exam syllabus. Information about The price of a car is Rs. 4,50,000. It was insured to 80% of its price. The car was damaged completely in an accident and the insurance company paid 90% of the insurance. What was the difference between the price of the car and the amount received?a)Rs.1,76,375b)Rs.3,24,000c)Rs.1,82,150d)Rs.1,26,000Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Electrical Engineering (EE) 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The price of a car is Rs. 4,50,000. It was insured to 80% of its price. The car was damaged completely in an accident and the insurance company paid 90% of the insurance. What was the difference between the price of the car and the amount received?a)Rs.1,76,375b)Rs.3,24,000c)Rs.1,82,150d)Rs.1,26,000Correct answer is option 'D'. Can you explain this answer?.
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