How many years will it take to double your money with yearly compounding if the rate of interest is 12%?
The Rule of 72 is a simplified formula that calculates how long it will take for an investment to double in value (t), based on its rate of return. As per the rule: t ~ 72/rate of interest Here, using the Rule of 72, divide the rate of interest in absolute terms by 72, i.e. 72/12 = 6 years approximately To cross check, if P=100 and r =12% and n=6 A = 100*(1.12)6 = 197.38 which is approximately double the amount of the Principal.
The establishment of Agriculture Insurance Company of India Limited (AIC) was announced in which General Budget speech?
Mortality Charge is the amount charged _____________ by the insurer
Coverage for bodily injury and property damage incurred through ownership or operation of a vehicle is called?
Insurance Policy which is provided as an additional layer of security to those who are at risk for being sued for damages to other people’s property o...
The free-look period is of how many days ?
___________ is the liability arising from contractual agreements in which it is stated that some losses, if they occur, are to be borne by specific part...
What is the grace period in case of monthly premium payment mode in insurance?
Why do insurers arrange for survey and inspection of the property before acceptance of a risk?
The insurance in which risks are shared between multiple insurers is known as?
If the same company's stock price fell to $2 per share while its EPS fell to $0.25, the P/E would fall to ____.
