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Let the principal be = Rs 100 So simple interest for 2 years = 100 × 1/5 = Rs 20 So interest rate % = 200/(2 ×100)× 100 = 10% Interest received in 5 years = (100 ×10 ×5)/100 = Rs 50 So interest received in 5 years = Rs 50 which is 1/2 of the principal. Alternative method : 2 years interest = 1/5 times of principal 1 year interest = 1/10 times of principal 5 years interest = 1/10 × 5 = 1/2
The largest general insurance company in the world by revenue is:
The first private health insurance company in India was:
A policy that covers the loss of baggage during travel is:
Which among these is not a type of General Insurance plans?
I. Motor Insurance
II. Marine Insurance
III. Health Insurance
A motor insurance cover note is valid for how many days?
An endorsement added to an insurance policy, or clause within a policy, that provides additional coverage for risks other than those in a basis policy i...
Who is the chairman of 15th Finance Comission?
What is NOT a common express condition in an insurance policy?
Which is not a General Insurance company?
Consider the following statement:
I. NCB is given to the insured and not to the insured vehicle.
II. On transfer of the vehicle, the ...
