The cause of ensuring a car is 1 Naira 25 kobo for every 50 naira value of car what is the cost of a insurance a car whose value is 5,000 naira

Answer 1

To calculate the insurance cost for a car valued at 5,000 Naira, given that the cost of insurance is 1 Naira 25 Kobo for every 50 Naira value of the car, we can follow these steps:

1. Convert 1 Naira 25 Kobo into Naira:
   \( 1 \text{ Naira} + 0.25 \text{ Naira} = 1.25 \text{ Naira} \)

2. Determine how many 50 Naira units are in 5,000 Naira:
   \( \text{Number of units} = \frac{5,000}{50} = 100 \)

3. Calculate the total insurance cost:
   \( \text{Total cost} = \text{Number of units} \times \text{Cost per unit} \)
   \( \text{Total cost} = 100 \times 1.25 = 125 \text{ Naira} \)

So, the cost of insurance for a car valued at 5,000 Naira is 125 Naira.