Question
What is the purpose of a deductible in an insurance
policy?Solution
Deductibles are a portion of the loss that the insured is responsible for paying. They help to: Discourage the filing of small, insignificant claims. Encourage the insured to take precautions to prevent losses, as they will bear the initial cost of any claim. Reduce premiums for the insured.
Ratio between two numbers is 4:9 and their difference is 45. Find the sum of the given two numbers.
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If the third proportion of 18 and 36 is “0.5k”, then find the value of (k − 24) : (k + 16).
'A', 'B' and 'C' distributed Rs. 720 among themselves in the ratio 4:3:2, respectively. 'A' gave some amount to 'B' such that new amount with 'B' is thr...
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