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Mr. Ahsan is insured competely for Tk. 50,000 of damages to his car. For any damage avove Tk. 50,000 the insurance company will pay tk 50,000 plus 20% of the rest of the company. what was the total amount of the damage estimated?

Mr. Ahsan is insured competely for Tk. 50,000 of damages to his car. For any damage avove Tk. 50,000 the insurance company will pay tk 50,000 plus 20% of the rest of the company. what was the total amount of the damage estimated? Correct Answer Tk.80,000

Damage insured = Tk. 50000 Damage paid by company = Tk. 56000 Damage extra paid = 6000 Now, 20% = 6000 10% = ( 6000×100)/20 = 30000 Total estimated damage = Tk ( 50, 000 + 30, 000) = Tk. 80, 000

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