The price of a car is Rs. 3,25,000. It was insured to 85% of its price. The car was damaged completely in an accident and the insurance company paid 90% of the insurance. What was the difference between the price of the car and the amount received?
Rs. 76,375
Rs. 34,000
Rs. 82,150
Rs. 70,000
Explanation:
Price of the car = Rs.3,25,000
Car was insured to 85% of its price
Insured price $=325000×\dfrac{85}{100}$
Insurance company paid 90% of the insurance.
Amount paid by insurance company
=325000×$\dfrac{85}{100}$×$\dfrac{90}{100}$=325×85×9=248625
Difference between the price of the car and the amount received
=$325000-248625$
=$ Rs.76375$