Interest = 4644 - 4300 = 344 p = 4300 T = 2 years Simple interest = P × R × T / 100 344 = 4300 × R × 2 / 100 r = 4% Let the principle amount be x. So, interest = 10104 – x T = 5 years r = 4% Simple interest = P × R × T / 100 10104 – x = x × 4 × 5 / 100 10104 × 5 – 5x = x 6x = 50520 X = 8420 The principle amount is Rs. 8420.
The insurance companies collect a fixed amount from its customers at a fixed interval of time. What is it called?
Insurance companies can have a exposure of to financial and insurance activities upto ____ of investment assets as per IRDAI.
A property or liability insurance contract in which all risks of loss are covered is called?
Which type of insurance usually requires higher premium ?
After which of the following year the Government of India started publishing returns of Insurance Companies in India?
Which of the following is the benefit accrued to an insured for not making any claims during the previous policy period?
Who was the originator of calculating the Human Life Value for the insurance requirement?
Once an insurance company has paid up to the limit, it will pay no more during that year is known as ____________?
In Insurance policies we always find a date which is “Date of Maturity”. What does it mean?
If a policy holder stops paying the premium after three years, but does not withdraw the money from his policy, then the policy is said to be?
