Question 38 of 41intermediate🔧 ApplyNumerical2 marks

Indian Railways offers optional travel insurance for passengers who book e-tickets. It costs 45 paise per passenger. If 1 lakh people opt for insurance in a day, what is the total insurance fee paid?

Correct Answer

Step 1: Convert paise to rupees: 45 paise = ₹0.45

Step 2: Number of passengers = 1 lakh = 100,000

Step 3: Total fee = ₹0.45×1000.45 \times 100,000 = ₹45,000

Answer: The total insurance fee paid is ₹45,000.

Exercise: Figure it Out (Section 3) | Q: 12 | (Page Page 33)
For More Understanding

Explanation

Convert 45 paise to rupees: 45 paise = ₹0.45. Multiply by 1 lakh (100,000): ₹0.45×1000.45 \times 100,000 = ₹45,000.

Solution Steps

  1. Step 1: Convert paise to rupees: 45 paise = ₹0.45

  2. Step 2: Number of passengers = 1 lakh = 100,000

  3. Step 3: Total fee = ₹0.45×1000.45 \times 100,000 = ₹45,000

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