Question
Which type of insurance policy includes that the insurer
agrees to pay a fixed sum of money irrespective of the amount of loss to the insured?Solution
This type of feature will benefit the insured because he /she can claim the good amount as compared to the loss occurred.
The difference of S.I and C.I on an amount of Rs. 20000 for 2 years is Rs. 162. What is the rate of interest?
There is 40% increase in an amount in 8 years at simple interest. What will be the compound interest of Rs. 16,000 after 3 years at the same rate?
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The simple interest on a certain sum of money at the rate of 7.5% p.a. for 8 years is ₹4,080. At what rate of interest can the same amount of interes...
The difference between compound interest and simple interest at the same rate for Rs. 2400 for 2 years is Rs. 216. The rate of interest per annum is:
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