Mr. Ahsan is insured completely for Tk. 50000 of damages to his car. For any damage above Tk. 50000 the insurance company will pay Tk. 50000 plus 20% of the rest of the damage amount. For a recent accident, Mr. Ahsan was paid 56000 by the insurance company. What was the total amount of the damage estimated?
Solution
Correct Answer: Option D
damage insured=50000 tk damage paid by company=56000 tk damage extra paid=6000 tk
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