Question

The price of a car 500000 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 is the difference between the price of the car and the amount of insurance received?

Answer 1

Answer:

Price of the car 5 ooooo

insured for 500000x80/loo=4ooooo

insurance paid-4ooooox90 / 100

360000

difference=5 ooooo-36oooo

= Rs 140000. Ans

Answer 2

Answer:

The difference between the price of the car and the amount of insurance received is Rs.140000.

Step-by-step explanation:

Given : The price of a car 500000 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.

To find : What is the difference between the price of the car and the amount of insurance received?

Solution :

Price of car= Rs. 5,00,000

It was insured to 80% of its price the car was damaged completely in an accident

Amount of car insured is

$A_1=500000 \times\frac{80}{100}$

$A_1=400000$

The insurance company paid 90% of the insurance (i.e. 80% of total amount)

$A_2=\frac{90}{100}\times 400000$

$A_2=360000$

The difference between the price of the car and the amount received,

$A=\text{Total amount}-A_2$

$A=500000-360000$

$A=140000$

Therefore, the difference between the price of the car and the amount of insurance received is Rs.140000.