Question
A and B together can complete a work in 12 days. B and C
together can complete the same work in 15 days, and A and C together in 20 days. If they all work together and earn Rs 7,200 for the whole work, find B’s share of the money.Solution
ATQ, Let daily work rates of A, B, C be a, b, c. Given: a + b = 1/12 …(1) b + c = 1/15 …(2) a + c = 1/20 …(3) Add all: 2(a + b + c) = 1/12 + 1/15 + 1/20 LCM of 12, 15, 20 is 60. 1/12 = 5/60, 1/15 = 4/60, 1/20 = 3/60 Sum = 12/60 = 1/5 So a + b + c = 1/10 (whole work done in 10 days by all three) Now find b: b = (a + b + c) − (a + c) = 1/10 − 1/20 = (2 − 1)/20 = 1/20 So B’s 1-day work = 1/20 Total daily work = 1/10 Share of B in work = (1/20) ÷ (1/10) = 1/2 So B’s share of Rs 7,200 = 1/2 × 7200 = Rs 3,600
What is the purpose of a consequential loss policy?
The Life Insurance Business in India was nationalized in which year?
A written form attached to an insurance policy that alters the policy’s coverage, terms, or conditions is termed as?
The principle of "subrogation" in insurance refers to:
Which committee is associated with insurance sector ?
Which of the following is NOT typically found in a marine insurance certificate?Â
The principle ensuring an insured is not compensated more than the actual loss is:
The section of the policy that outlines what is NOT covered is called:
The contractual term for the premium in an insurance contract is known as:
A term policy that can be converted to permanent coverage rather than expiring on a specific date is called _________.