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Let the principal be P. ∴ P + CI for 3 yrs = Rs. 8,000----- (i) And P + CI for 2 yrs = Rs. 6,400----- (ii) Subtracting (ii) from (i), we get CI for the 3rd yr = 8,000 – 6,400 = Rs. 1600 Thus, CI calculated in the 3rd yr is basically the interest on the amount generated after 2 yrs which is Rs. 6,400. R = (SI × 100)/(P × T) = (1600 × 100)/(6400 × 1) = 25 % p.a.
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?
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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 ...