Question
"The monthly incomes of Amit and
Bhuvan are in the ratio of 8:5. Bhuvan's monthly expenditure is 70% higher than Amit's monthly savings. Amit's monthly expenditure exceeds Bhuvan's by Rs. 7,800. If their monthly savings are in the ratio of 5:4, what is the average monthly income of Amit and Bhuvan?"Solution
ATQ, Let the monthly savings of Amit and Bhuvan are Rs. 5p and Rs. 4p respectively. Monthly expenditure of Bhuvan = 1.7 × 5p = Rs. 8.5p Monthly expenditure of Amit = Rs. 8.5p + 7800 According to question: (5p + 8.5p + 7800)/ (4p + 8.5p) = 8/5 67.5p + 39000 = 100p 32.5p = 39000 p = 1200 So, the monthly income of Amit = 5 × 1200 + 8.5 × 1200 + 7800 = 6000 + 10200 + 7800 = Rs. 24,000 Monthly income of Bhuvan = 4 × 1200 + 8.5 × 1200 = 4800 + 10200 = Rs. 15,000 So, the average monthly income of Amit and Bhuvan = (24000 + 15000)/2 = 39000/2 = Rs. 19,500
What is NOT a common express condition in an insurance policy?
Which of the following is the benefit accrued to an insured for not making any claims during the previous policy period?
The maturity age of a whole life policy is?
The contractual term for the premium in an insurance contract is known as:
The process of determining the cost of an insurance policy based on the actual loss experience determined as an adjustment to the initial premium paymen...
The principle of construction ensures:
In case of a motor accident, the first step to be taken by the insured is to:
A person named in a life insurance contract to receive the benefits of the policy if other named beneficiaries are not living is referred as ________.
What is accumulation hazard?
Under which type of plans, the sum assured is paid at the end of the term as maturity or on the death of the insured during the term of the policy?