Question
The Insurance Regulatory and Development Authority of
India (IRDAI) has granted certificates of registration to Acko Life Insurance and Credit Access Life Insurance.With the addition of these two companies,the total number has gone up to _____.Solution
 The Insurance Regulatory and Development Authority of India (IRDAI) has granted certificates of registration to Acko Life Insurance and Credit Access Life Insurance.   With the entry of these two firms into the space, the number of life insurance companies in the sector goes up to 25, after remaining stagnant since 2011.  CreditAccess Grameen Limited is the largest microfinance institution of India, which has the largest microfinance market share in the world.
- An amount of Rs. 12,000 invested at simple interest for 4 years becomes Rs. 17,280. Calculate the annual rate of interest.
A sum is lent on compound interest for 2 years at 9% p.a. If the compound interest on the sum is Rs.2257.2, find the sum.
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 was invested at simple interest. After 5 years, it became (117/ ninety) times the amount it had reached in 3 years. Find the annual rate of i...
Find the simple interest and the amount on Rs 4,000 at 9% per annum for 2 years.
"R" made certain investments with a 40% annual compound interest rate that is compounded quarterly. If, 9 months later, he receives Rs. 1,99,650, then t...
An initial principal sum of Rs. 8000, invested by Pranav, accrued interest at a compound rate of 20% annually for a period of 2 years. Subsequently, the...
A person invests ₹40,000 at a simple interest rate of 5% per annum for 2 years and reinvests the total amount, including interest, in a scheme offerin...
Mr. X invested Rs. 600 in two schemes, A and B in the ratio of 7:3, respectively. Scheme A and B are offering simple interest at rate of 16% per annum a...
Mr. P invested Rs. ‘8x’ in scheme ‘A’ offering simple interest of 25% p.a. and reinvested the interest earned from scheme ‘A’ at the end of ...
Relevant for Exams:
