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A contract by which one party promises to save the other from loss caused to him by the conduct of the promisor himself, or by the conduct of any other person, is called a contract of indemnity. Every contract of Insurance, except life assurance, is a contract of indemnity. Reversionary Bonus- Until the bonus is paid, it does not figure in the Revenue Account and is not payable in cash immediately but is to be payable at the time of the claim; it is described as Reversionary Bonus. The amount of Reversionary Bonus is included in claims.
If a sum of Rs. 6,500 is to be borrowed for 2 years at 10% per annum compounded half-yearly, find the compound amount (integer values only).
Simple interest received at the rate of 20% p.a. for 6 years on a principal amount of Rs. 9000 is twice of the simple interest received at 10% p.a. for ...
If a certain sum becomes 5 times of itself in 2 years when invested at certain rate (per annum) of simple interest, then find the rate of interest.
Rohit invested Rs. 3000 in scheme 'C' for 4 years and Rs. 4500 in scheme 'D' for 3 years. If the simple interest rate for both schemes is 15% per annum,...
A certain sum of money invested at R% p.a. simple interest amounts to Rs.17760after 4 years and Rs.22080after 7 years. If the same sum of money is inves...
Dinesh invested Rs. (P-500) at the rate of 27% per annum on simple interest and at the end of three years, he got Rs. 4860 as an interest. Pankaj invest...
An amount of Rs. 2400 is invested at an annual compound interest rate of 20%, while another amount of Rs. 1600 is invested simultaneously at an annual s...
Meera deposited Rs. ‘W’ in a bank offering compound interest of 9% p.a. compounded annually. After 3 years, she invested the amount received from th...
A invested Rs. ‘x’ in a scheme offering compound interest of 40% p.a. compounded annually. If at the end of 2 years, interest received by A was Rs. ...
Rahul secures a loan amounting to Rs. 8,800 from a bank, which charges an annual simple interest rate of 20%. He then allocates this sum into an investm...
