Mr. Jaman is insured completely for Tk. 1,50,000 against damages to his machinery. For any damage over Tk. 1,50,000 the insurance company will pay Tk. 1,50,000 plus only 15% of the additional damage. For a recent accident, Mr. Jaman was paid Tk. 1,56,000 by the insurance company. What was the total amount of the damage estimated?

Question

Mr. Jaman is insured completely for Tk. 1,50,000 against damages to his machinery. For any damage over Tk. 1,50,000 the insurance company will pay Tk.  1,50,000 plus only 15% of the additional damage. For a recent accident, Mr. Jaman was paid Tk. 1,56,000 by the insurance company. What was the total amount of the damage estimated?

Satt Academy · Accepted Answer

None of these - Insurance paid 1.56LAdditional paid 1.56L-1.5L=6000 tk15% = 6000 tkso, 100% is (6000*100)/15 = 40000tkTotal damage 150000+40000=190000tkAns: none of the options

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