Question
A person borrows Rs 400 at 5% compound interest per
annum. If he returns Rs 200 after one year, then how many more rupees will he have to pay at the end of 2 years?Solution
P =400, r = 5% Amount after one year = P + interest = 400+400×5/100= 420 Rs Remain after returns 100 Rs = 420-200=220 Rs And pay at the end of the 2 years =220+ 220×5/100 =220+11=231Rs
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What is the maximum Time in which the insurer should settle a claim when all documents are submitted?
Once an insurance company has paid up to the limit, it will pay no more during that year is known as?
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In which year New India Assurance Co Ltd nationalized?
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_____________ is the only public sector company in the field of life insurance in India
Which of the following is NOT a key step in the underwriting process?
Who is the author of the book titled “The Poverty Of Political Economy: How Economics Abandoned the Poor?”
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