Question
Vishal invested Rs. 3750 at 20% p.a. simple interest for
3 years. After 3 years, he invested the amount received by him at the 20% p.a. compound interest, compounded annually for another 2 years. Find the final amount received by Vishal at the end of 5 years.Solution
Amount received by Vishal after 3 years of investment = (3750 × 20 × 3)/100 + 3750 = Rs. 6000 Therefore, sum invested by Vishal at compound interest = Rs. 6000 Amount received by Vishal at the end of 5 years = 6000(1 + 0.2)2 = Rs. 8640
How much Foreign direct investment (FDI) is allowed in Insurance Repository?
__________ in insurance is the splitting or spreading of risk among multiple parties.
In which year General Insurance Corporation of India ( GIC ) notified as the Indian Reinsurer?
A demand made by the insured, or the insured’s beneficiary, for payment of the benefits is known as?
What term applies to conditions that must be met before the insurer’s obligations arise?Â
One of the methods of reducing insurance cost of an insured is __________.
Which of the following is an example of a variable charge in a business?
In 2016 , First IPO launched by which insurance company ?
In Insurance, CGL stands for?
Which one of the following does not belong to the main products of life insurance?
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