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Insurance and Annuity

Maharashtra Board · Class 12 · Mathematics & Statistics -Commerce

Flashcards for Insurance and Annuity — Maharashtra Board Class 12 Mathematics & Statistics -Commerce. Quick Q&A cards covering key concepts, definitions, and formulas.

44 questions24 flashcards5 concepts

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Card 1Tangents and Normals

Find the equation of tangent to the curve y = x² + 2x at point (1, 3).

Answer

Step 1: Find dy/dx = 2x + 2 Step 2: At (1, 3), slope m = 2(1) + 2 = 4 Step 3: Using point-slope form: y - 3 = 4(x - 1) Step 4: Simplifying: y = 4x - 1 Therefore, equation of tangent is y = 4x - 1

Card 2Tangents and Normals

What is the relationship between slopes of tangent and normal at a point?

Answer

If m is the slope of tangent at a point, then: • Slope of normal = -1/m (provided m ≠ 0) • This is because tangent and normal are perpendicular to each other • For perpendicular lines: m₁ × m₂ = -1 •

Card 3Rate Problems

A stone is dropped in water creating circular waves. If radius increases at 3 cm/sec, find the rate of increase of area when radius is 5 cm.

Answer

Step 1: Given dr/dt = 3 cm/sec, find dA/dt when r = 5 cm Step 2: A = πr², so dA/dt = 2πr(dr/dt) Step 3: When r = 5 cm: dA/dt = 2π(5)(3) = 30π cm²/sec Therefore, area increases at 30π cm²/sec when radi

Card 4Approximations

State the approximation formula using derivatives and explain when to use it.

Answer

Formula: f(a + h) ≈ f(a) + h·f'(a) Where: • a is a convenient value near the required point • h is a small increment • f'(a) is the derivative at x = a Use when: • h is small (typically < 0.1) • f'(a

Card 5Approximations

Find the approximate value of √64.1 using derivatives.

Answer

Step 1: Let f(x) = √x, so f'(x) = 1/(2√x) Step 2: Choose a = 64, h = 0.1 (since 64.1 = 64 + 0.1) Step 3: f(64) = √64 = 8, f'(64) = 1/(2√64) = 1/16 Step 4: Using formula: f(64.1) ≈ 8 + (0.1)(1/16) = 8.

Card 6Rolle's Theorem

State Rolle's Theorem with all conditions.

Answer

If function f(x) satisfies: 1. f is continuous on closed interval [a, b] 2. f is differentiable on open interval (a, b) 3. f(a) = f(b) Then there exists at least one c ∈ (a, b) such that f'(c) = 0 G

Card 7Rolle's Theorem

Verify Rolle's theorem for f(x) = x² - 4x + 3 on [1, 3].

Answer

Step 1: Check continuity - polynomial, so continuous on [1, 3] ✓ Step 2: Check differentiability - polynomial, so differentiable on (1, 3) ✓ Step 3: Check f(1) = f(3): f(1) = 1 - 4 + 3 = 0 f(3)

Card 8LMVT

State Lagrange's Mean Value Theorem (LMVT).

Answer

If function f(x) satisfies: 1. f is continuous on closed interval [a, b] 2. f is differentiable on open interval (a, b) Then there exists at least one c ∈ (a, b) such that: f'(c) = [f(b) - f(a)]/(b -

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Frequently Asked Questions

What are the important topics in Insurance and Annuity for Maharashtra Board Class 12 Mathematics & Statistics -Commerce?
Insurance and Annuity covers several key topics that are frequently asked in Maharashtra Board Class 12 board exams. Focus on the core concepts listed on this page and practise related questions to build confidence.
How to score full marks in Insurance and Annuity — Maharashtra Board Class 12 Mathematics & Statistics -Commerce?
Understand the core concepts first, then work through the 44 practice questions available for this chapter. Revise formulas and definitions regularly, and use flashcards for quick recall before the exam.
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There are 24 flashcards for Insurance and Annuity covering key definitions, formulas, and concepts. Use them daily for 10–15 minutes for best results.

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