Question
A Life insurance policy for which the cost is equally
distributed over the term of the premium period, remaining constant throughout is called?Solution
Level-premium insurance is term life insurance for which the premiums are guaranteed to remain the same throughout the contract, while the amount of coverage provided increases. As a result, the coverage can be advantageous over time as a policyholder keeps paying the same amount but has access to increased benefit coverage as the policy matures.
A and B initiated a business by investing Rs. 6,000 and Rs. 3,000, respectively. Their investments were made for 8 months and 'm'...
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How many Kg of rice costing rupees 19 per kg must be mixed with 26 Kg of rice costing Rs.25 per Kg, so that there may be a gain of 17.5% by selling the ...
A triangle has sides 7 cm, 24 cm, and 25 cm. A circle is inscribed in the triangle. What is the area of the triangle not covered by the circle?
When 15 is added to 30% of a certain number, the result is equal to one-third of that same number. Determine the value of the number.
Series I:Â 16 21 36 81 209 621 1836
Series II:Â 20 60 240 1200 7200 43200 403200
In series II, if ‘x’ is the wrong term, then fin...
I. x ² – 10x + 21 = 0
II. y ² – 8y + 15 = 0
Rs. 7,500 is invested in scheme ‘A’ for a year at simple interest of 25% p.a. The interest received from scheme ‘A’ is reinvested for 2 years in...
A train travelling at a speed of 80 km/h, takes 27 seconds to cross a pole. If the train increased its speed by 10 km/h, how long would it take to cross...
Person 'X' can complete a task in 30 days when working at full efficiency, while person 'Y' can finish the same task in 50 days at full efficiency. If '...
