Question
Which act governs the functioning of insurance companies
in India?Solution
The Insurance Act, 1938 governs the functioning of insurance companies in India. It lays down the rules and regulations for the insurance industry.
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At the rate of any compound interest rate, it gets tripled in 4 years, in how many years it will become 729 times its own?
'S' undertook an investment endeavor by allocating a capital denoted as 'a + 1000' into a scheme yielding a straightforward interest rate of 20% per ann...
An amount of Rs. 2400 is placed in SIP 'P' at a 25% per annum simple interest rate for 8 years, and Rs. 2500 is invested in SIP 'Q' with a 20% annual co...
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