Question

A scooter worth 30,000 was insured for 90% of its value. For how much mone was the vehicle insured?​

Answer 1

Rs. 27,000

Insurance is 90% of the Value

and Value = 30,000

Thus, 90/100 * 30,000 = 27,000

In any case of mishappening, the owner will get Rs 27,000.

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