Question
If Rs. 5,000 is compounded at an annual interest rate of
8%, what will be the amount after 3 years?Solution
Given – P =5000, Rate =8% per annum Time =3 years First method - A=P(1+r/100) n =5000(1+8/100)3 =5000(27/25)3 =5000×19683/15625 =6298.56
With the implementation of the 'National Green Hydrogen Mission,' India's Green Hydrogen production capacity is likely to reach at least ______ per annum
What is the primary method to calculate the pure premium for a group of insured?
Which among the following is not a characteristic of ethical behaviour?Â
Marine insurance certificates must always be:Â
Which act was the first legislation governing all forms of insurance to provide strict state control over insurance business?
The amount which is payable by you during the premium paying term at regular intervals for a limited period as specified in the plan schedule is called?
What term applies to conditions that must be met before the insurer’s obligations arise?Â
The first motor vehicle insurance policy was issued in the UK in:Â
Which of the following is an optional feature that can be added to a policy?
A clause that allows the transfer of rights under a policy from one person to another, usually by means of a written document is called?