A shop valued at ` 2,40,000 is insured for 75% of its value. If the rate of premium is 90 paise percent, find the
premium paid by the owner of the shop.
Find the Age-Specific Death Rate (Age-SDR) for the following data :
|Number of deaths|
|1 - 10||11||240|
|10 - 20||12||150|
|60 and above||2||90|
Find the premium on property worth Rs.12,50,000 at 3% if the property is insured to the extent of 80% of its value.
Find the accumulated value after 3 years of an immediate annuity of Rs 2,000 p.a. with interest compounded at 10% p.a. [Given (1.1)3 = 1.331]
For an immediate annuity paid for 3 years with interest compounded at 10% p.a. its present value is ~ 10,000. What ls its accumulated value after 3 years.
[Given: (1.1)3 = 1.331)]
Find the present value of annuity immediate of ₹ 18000 p.a. for 3 years at 9% p.a. compounded annually. [(Given : `(1.09)^-3 = 0.7722`]
A building is insured for 80% of its value. The annual premium at 70 paise percent amounts to ₹ 2,800. Fire damaged the building to the extent of 60% of its value. How much amount for damage can: be claimed under the policy?
A warehouse valued at Rs. 10,000 contained goods worth Rs. 60,000. The warehouse was insured against fire for Rs. 4,000 and the goods to the extent of 90% of their value. A fire broke out and goods worth Rs. 20,000 were completely destroyed, while the remainder was damaged and reduced to 80% of its value. The damage to the warehouse was to the extent of Rs. 2,000. Find the total amount that can be claimed.