Question
What is a unique feature of LIC’s newly launched Smart
Pension Plan?Solution
The LIC Smart Pension Plan offers annuity options for both single and joint life policies, providing flexible retirement benefits.
A man invested a certain amount of sum at 12.5% per annum simple interest and earned an interest of Rs.2700 after 4 years. If the same amount is investe...
Pawan invested an equal sum of money in two different SIPs at a bank—one earning 20% compound interest per annum and the other earning 24% simple inte...
Aman invested Rs. 'a' and Rs. (a + 2100) in SIP 'P' and 'Q', respectively, in a way that the amounts received from both SIPs after 2 years are equal. If...
A person borrowed Rs. 9,300 at 11% p.a. and Rs. 6,700 at 13% p.a. simple interest. If the total interest paid after ‘n’ years is Rs. 5,486, find the...
A man deposited Rs. 8500 in a bank offering compound interest of 20% p.a. compounded annually for first 2.5 years and after that simple interest of 25% ...
Simple interest and compound interest (compounded annually) earned on a sum at the end of 2 years at a certain rate of interest p.a. are Rs. 3500 and Rs...
What will be the net CI on Rs. 10000 for 4 years at 10% p.a compounded annually?
A sum of ₹5,000 is invested at 8% simple interest per annum for 3 years. After 3 years, the interest is reinvested at 6% compound interest for 2 years...
A man invests ₹50,000 in two schemes A and B for 1 year. Scheme A offers 12% simple interest and Scheme B offers 10% compound interest, compounded ann...
Some amount out of Rs. 12000 was lent out at 10% per annum and the rest amount @ 16% per annum and thus in 5 years the total interest from both the amou...
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