Mr Ode has a car valued at 1000 naira. What would the insurance for the car cost if the charge is 5 naira for each 50 naira or part of 50 naira of the value of the car?

Answer 1

To calculate the insurance cost, we need to determine how many times 50 naira goes into the value of the car (1000 naira).

1000 naira / 50 naira = 20

Since the charge is 5 naira for each 50 naira or part of 50 naira, we need to calculate 5 naira multiplied by the number of times 50 naira goes into the value of the car.

5 naira * 20 = 100 naira

Therefore, the insurance for the car would cost 100 naira.