Under the General Insurance Business (Nationalisation) Act after making provision for bad and doubtful debts, depreciation in assets, provident, superannuation, welfare, and other funds, debts due to the Government what is the requirement for every acquiring company?
Section 20. Balance of profit how to be utilised: (1) After making provision for bad and doubtful debts, depreciation in assets, provident, superannuation, welfare and other funds, debts due to Government and all other matters for which provision is necessary under any law or which are usually provided for by insurance companies, every acquiring company shall distribute the balance of profit as dividends.
A certain sum of money becomes 5 times of itself in 20 years at simple interest. In how many years does it become double of itself at the same rate of s...
A person invested Rs. x at 20% CI p.a. in scheme A for 2 years. The interest received was reinvested in B for 2 years at 15% SI p.a. The amount received...
A sum of money will amount to Rs. 640 in 2 year & in 3 year it is to be 720 in compound interest . Find the rate of interest?
An amount of Rs. 2400 is placed in SIP 'P' at a 25% per annum simple interest rate for 8 years, and Rs. 2500 is invested in SIP 'Q' with a 20% annual co...
Kajal invested Rs. (y+2000) on compound interest at the rate of 18% per annum compounded annually in scheme P. She invested Rs. ‘y’ on 20% per annum...
Rs. 2000 invested for 2 years in a scheme offering compound interest (compounded annually) of 15% p.a. gives an interest that is Rs. 20 less than the in...
At the rate of any compound interest rate, it gets tripled in 4 years, in how many years it will become 729 times its own?
'S' allocated 40% of his monthly income to SIP P, where it accrues a simple interest of 18% p.a. The remaining 60% was directed to SIP Q, with a compoun...
The difference between compound and simple interest on a sum of money for 2 years at 25% per annum is Rs. 880. The sum is:
A took loan from a bank at the rate of 12%p.a. simple interest. After 5 years he had to pay Rs.7200 interest only for the period. The principal amount b...
