Advertisements
Advertisements
Question
A person insured a property of ₹ 4,00,000. The rate of premium is ₹ 35 per thousand p.a. The amount of annual premium is ______.
Options
₹ 14,000
₹ 24,000
₹ 34,000
₹ 15,000
MCQ
Fill in the Blanks
Advertisements
Solution
A person insured a property of ₹ 4,00,000. The rate of premium is ₹ 35 per thousand p.a. The amount of annual premium is ₹ 14,000.
Explanation:
The premium is ₹ 35 per ₹ 1,000, so for ₹ 4,00,000:
(4,00,000 ÷ 1,000) × 35
= 400 × 35
= ₹ 14,000
shaalaa.com
Is there an error in this question or solution?
