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Question
A shop worth ₹25,000 was insured for 95% of its value. How much would the owner get in case of any mishappening?
Solution
Value of shop =₹25,000
Insured amount = 95% of total value
=95% of ₹25,000
`= ₹25,000 xx 95/100`
= ₹ 23750
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