Question
'P' invested Rs. 6,000 in a business. After 'n' months,
'Q' joined the business investing Rs. 3,000 more than 'P'. At the end of 15 months since 'P' started the business, ratio of profit share of 'P' to 'Q' was 2:1. Find the value of 'n'.Solution
Ratio of profit share of 'P' to 'Q'
= (6,000 × 15) : (9,000 × (15 − n))
= 10 : (15 − n) So,
10 : (15 − n) = 2 : 1 Or,
10 × 1 = 2 × (15 − n) Or,
10 = 30 − 2n Or,
2n = 20 Or,
n = 10
All of the following is true regarding ULIPs EXCEPT:
What is a coverage for glass breakage caused by all risks?
What does R stands for in SARFAESI?
Which among the following is the first Indian life insurance company to begin operations in India?
IRDAI has the power to frame regulations under which of the following Section of the Insurance Act, 1938?
The 'Third-Party Liability' cover in a motor insurance policy is mandatory in India as per the:
To which of the following thing we can do insurance?
The practice of buying or selling of a security by someone who has access to material nonpublic information about the security, is termed as?
The portion of risk that a reinsurance company cedes or amount of insurance the company chooses not to retain is called?
A risk or damage covered by an insurance policy is called as?
