Question
Ajay invested Rs.a in SI at 7% rate of interest per
annum for 10 years. Vishal invested the same amount in SI at 5% rate of interest per annum for 8 years and the difference between the interest obtained by Ajay and Vishal is Rs.2100. Find the amount invested by Vishal.Solution
According to question, => (a × 7 × 10)/100 – (a × 5 × 8)/100 = 2100 => 70a/100 – 40a/100 = 2100 => 30a/100 = 2100 => a = Rs.7000
What happens to the shares of an Indian insurance company upon the appointed day according to the General Insurance Business (Nationalisation) Act?
When can a principal revoke an agent's authority?
As per the IRDA Act who constitutes the Authority, and what qualifications are required for its members?
Who can the policyholder nominate to receive the money secured by a life insurance policy in the event of their death, and what happens if the nominee ...
What is Axle weight?
What is an adapter vehicle?
Under the Insurance Act, 1938, the minimum paid-up capital required for starting a life insurance company is:
The Authority with the previous approval of the Central Government shall constitute an Advisory Committee consisting of _______________
What is the composition of the Insurance Advisory Committee, and what interests do its members represent?
The Motor Vehicles Act was enacted in the year:
Relevant for Exams:
