Question

Question # 38
Revisit
Ram pays an insurance premium of Rs. 833.333 for his house. If the rate of insurance is 1/6%
of the house value, what is the value of the house?​

Answer 1

Step-by-step explanation:

let the house value be x

so the insurance = 1/6% × x

.... = (1/6)/100 × x

= 1/600 × x = x/600

here x/600 = 833.333

= x = 833.333 × 600

= 499999.8 = Rs.500000

Answer 2

From the given question the correct answer is:

the value of the house is  499999.8 Rs.

Given:

an insurance premium for Ram's house=of Rs. 833.333

the rate of insurance = 1/6%

To find:

the value of the house

solution:

let the house value be x

so the insurance = 1/6% × x

= (1/6)/100 × x

= 1/600 × x

= x/600

here x/600 = 833.333

 x = 833.333 × 600

= 499999.8 Rs.

Hence, the value of the house is  499999.8 Rs.