Question
What is the main role of an insurance underwriter?
Solution
Explanation: The correct answer is C. Assessing and pricing risks. Underwriters evaluate the risk associated with an insurance application and determine the appropriate premium to charge.
‘M’ invested Rs. 3600 for (t + 6) months, while ‘N’ invested Rs. 900 more than ‘M’ for (t - 1) months, in a business. If profit received by ...
A sum of money is invested at 8% simple interest per annum. If the interest earned after 4 years is ₹3200, what is the principal amount?
If the ratio of the sum invested and simple interest received after 1 year is 25:6 respectively, then find the rate of interest.
- Priya deposited Rs. 'p' and Rs. (p + 400) in two schemes, A and B, for 2 years each. Schemes A and B offer 10% and 12% simple interest respectively. If the...
- A person invested Rs. 16500 in the simple interest for 3 years at the rate of 19% per annum. If the interest received is Rs. 940Z, then find the value of Z...
A sum of Rs.15 is lent to be returned in 16 months installments of Rs.1 each, interest simple. The rate of interest is: -
Anuj invested Rs. ‘x’ at simple interest of 15% p.a. and Anil invested Rs. (x + 500) at simple interest of 10% p.a. If at the end of 2nd year, sum o...
Suresh earned an interest of Rs. 1677 on principal amount of Rs. 5200 at some rate of compound interest in 2 years. How much more/less interest would he...
'S' allocated 40% of his monthly income to SIP P, where it accrues a simple interest of 18% p.a. The remaining 60% was directed to SIP Q, with a compoun...
- Rs. 10,200 is the amount after 2 years when invested at r% p.a. in simple interest. If the rate had been (r + 6)% p.a., the final amount would be Rs. 10,92...
