Question
On what sum will the difference between the simple and
compound interest for 3 years at 20% percent per annum amounts to Rs 66.56?Solution
We have the formula: Difference = (PR2 (300 + R))/(100)3 66.56 = (P × (20)2 × (300 + 20))/(100)3 P = (66.56 × 100 × 100 × 100)/(20 × 20 × 320) P = Rs. 520
Which of the following is NOT a peril covered under the Standard Fire and Special Perils Policy?
Which of the following is/are the various types of insurance?
1. Life insurance
2. Health insurance
3. Liability insurance
An extension of endowment plans is known as which policy?
Which act was the first legislation governing all forms of insurance to provide strict state control over insurance business?
The 'No-Claim Bonus' is a discount offered by insurers for:
Who is responsible for investigating and settling claims?
This broad type of coverage was developed for shipments that do not involve ocean transport is known as?
After a process of mergers among Indian insurance companies, how many companies were left as fully owned subsidiary companies of GIC?
What is the paid up capital of Life Insurance Corporation of India (LIC)?
Which Insurance Company started its operation in the year in which India got Independence?
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