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Section 6 Requirements as to capital - (2) No insurer, as defined in sub-clause (d) of clause (9) of section 2, shall be registered unless he has net owned funds of not less than rupees five thousand crore.
Out of a total sum of ₹5,000, Danish invested one part at 12% simple interest per annum and the remaining part at 10% simple interest per annum. If th...
Simran Funded Rs. 70,000 in two different SIP's. She funded the smaller amount at CI of 20% p.a. compounded annually, and larger amount at SI of 16.5% f...
Ashish invests an amount of Rs. 'A' into two different SIPs, named 'P' and 'Q', for durations of 3 years and 2 years respectively. The first SIP 'P' yie...
A certain sum of money invested at R% p.a. fetches a compound interest (compounded annually) of 1400 and simple interest of Rs.1250 at the end of 2 year...
After 2 years, the ratio between the compound interest obtained from scheme A and B is 99:115 respectively. The total initial investment of both of the ...
The simple interest received on a certain sum is Rs. 500 less than the sum invested. If the sum was invested at 10% p.a. for 6 years, then find the simp...
Atul has Rs.400 with him. He invested 40% of the amount at 4% p.a. for 5 years and rest at 15% p.a. for 3 years. Find the sum of simple interests receiv...
A person lends ₹16,000 to a client at a simple interest rate of 8% per annum. After 30 months, the client repays ₹9,200 and requests an extension fo...
Ajay invested Rs.a in SI at 7% rate of interest per annum for 9 years. Vishal invested the same amount in SI at 5% rate of interest per annum for 3 year...
Suresh earned an interest of Rs. 516 on principal amount of Rs. 1600 at some rate of compound interest in 2 years. How much more/less interest would he ...
