A vehicle worth Rs.20,000/- can be insured at a cost of
Rs. 150/-. How much will it cost to insure a vehicle worth
Rs. 24000/- for one year and 3 month at the same rate.
(Compound proportion)
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Step-by-step explanation:
- 24000-20000=4000
- 20000/100 ×150=30000
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