А
person insured his bus wooth
Rs 2500,000 @ 4.5% for 6 year.
@
Aftel
year,
he clamied for
400000. How much loss hadhe
recovered if sate sate of depreciation
two
is 10%
To determine how much loss the person has recovered, we need to calculate the depreciation value of the bus after two years.
Depreciation is the decrease in value of an asset over time. In this case, the depreciation rate is 10%.
To find the depreciation after two years, we can use the formula:
Depreciation = Initial value * (Depreciation rate/100)^Number of years
In this case, the initial value of the bus is Rs 2,500,000 and the number of years is 2. Thus, the depreciation after two years would be:
Depreciation = 2,500,000 * (10/100)^2
Depreciation = 2,500,000 * (0.1)^2
Depreciation = 2,500,000 * 0.01
Depreciation = 25,000
The depreciation after two years is Rs 25,000.
Now, to calculate the loss recovered, we need to subtract the claimed amount of Rs 400,000 from the depreciation after two years:
Loss recovered = Depreciation after two years - Claimed amount
Loss recovered = 25,000 - 400,000
Loss recovered = -375,000
Based on the calculations, the person has not recovered any loss and is at a loss of Rs 375,000.