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A tempo is insured to the extent of 4/5 ...

A tempo is insured to the extent of 4/5 of its original value. If the premium on it at the rate of 1.3 percent amounts to Rs 910, the original value of the tempo is

A

Rs 78,500

B

Rs 80,000

C

Rs 82,500

D

Rs 87,500

Text Solution

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The correct Answer is:
To find the original value of the tempo, we can follow these steps: ### Step 1: Define the Original Value Let the original value of the tempo be \( x \). ### Step 2: Determine the Insured Amount The tempo is insured for \( \frac{4}{5} \) of its original value, which can be expressed as: \[ \text{Insured Amount} = \frac{4}{5}x \] ### Step 3: Set Up the Premium Equation The premium on the insured amount at the rate of 1.3% is given to be Rs 910. Therefore, we can write the equation: \[ \text{Premium} = \frac{1.3}{100} \times \left(\frac{4}{5}x\right) = 910 \] ### Step 4: Simplify the Equation Now, we can simplify the equation: \[ \frac{1.3 \times 4}{100 \times 5}x = 910 \] This simplifies to: \[ \frac{5.2}{500}x = 910 \] ### Step 5: Solve for \( x \) To isolate \( x \), we can multiply both sides by \( 500 \): \[ 5.2x = 910 \times 500 \] Calculating the right side: \[ 5.2x = 455000 \] Now, divide both sides by \( 5.2 \): \[ x = \frac{455000}{5.2} \] ### Step 6: Perform the Division Calculating \( \frac{455000}{5.2} \): \[ x = 87500 \] ### Conclusion The original value of the tempo is Rs 87500. ---
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