Question
As per the Motor Vehicles Act, Death of
insured-Solution
S. 155. Effect of death on certain causes of action. --Notwithstanding anything contained in section 306 of the Indian Succession Act, 1925, (39 of 1925) the death of a person in whose favour a certificate of insurance had been issued, if it occurs after the happening of an event which has given rise to a claim under the provisions of this Chapter, shall not be a bar to the survival of any cause of action arising out of such event against his estate or against the insurer
Simple interest earned on an amount of Rs. 1250 at rate of R% per annum after 4 years is Rs. 250. Find the simple interest earned on an amount of Rs. 13...
What is the maturity value of Rs.25000 at the end of 2 years at 9.25% Simple Interest?
A man deposited Rs. ‘x + 1200’ at 12% per annum simple interest and earned Rs. 528 as interest after 2 years. Find the interest earned by him if he ...
A man invested certain sum at simple interest of r% p.a. such that it amounts to 122% of itself in 5 years. Find the interest earned when Rs. 3000 is in...
A person invested some amount at the rate of 12% simple interest and a certain amount at the rate of 10% simple interest. He received yearly interest of...
A sum of ₹10,000 is invested in two parts: one part at 12% per annum simple interest and the other part at 8% per annum simple interest. After 3 years...
An equal sum of money is invested in two schemes which offer interest at the same rate but one at simple interest and the other at compound interest (co...
A certain sum of money invested at a rate of 24% p.a. amounts to Rs. 19965 at the end of 15 months if the rate of interest is compounded 5 monthly. Find...
What sum of money must be given at simple interest for 8 months at 3% per annum in order to earn Rs. 260 interest?
Bittu, Tittu and Mitthu invested Rs. 80000, Rs. 100000 and Rs. 120000 respectively to start a business. Partnership condition is that, each will get int...