A person insures good in his house valued at Rs 5 lakh at the rate of 5 percent. what annual premium does he pay?
Answers
Answered by
35
Answer:
25000
Step-by-step explanation:
500000×5/100=25000
Answered by
39
The amount of annual premium is -
Given Data :
Price of the good = ₹5 lakhs
Rate of the insurance = 5%
Amount of the annual premium will be = 5% of ₹5 lakhs
In mathematical form :
Amount of annual premium will be = (500000 × 5/100) rupees
Amount of annual premium will be = 25000 rupees (answer)
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