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Chapter 4 of 16
Formula Sheet

Insurance and Annuity — Formula Sheet

Maharashtra Board · Class 12 · Mathematics & Statistics -Commerce

8 formulas from Insurance and Annuity (Maharashtra Board Class 12 Mathematics & Statistics -Commerce) on one page, grouped by topic.

44 questions24 flashcards8 formulas & key relations5 concepts

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8 Entries · 4 Sections

Formulas and Key Relations

Application to Tangents and Normals

Equation of tangent

y - y₁ = m(x - x₁)

Rate Measure (Related Rates)

Chain rule is essential

dy/dt = (dy/dx) × (dx/dt)

Rolle's Theorem and Lagrange's Mean Value Theorem

Rolle's Theorem

If f is continuous on [a,b], differentiable on (a,b), and f(a) = f(b), then ∃c ∈ (a,b) such that f'(c) = 0

LMVT

If f is continuous on [a,b] and differentiable on (a,b), then ∃c ∈ (a,b) such that f'(c) = [f(b)-f(a)]/(b-a)

Key relations

At any point P(x₁, y₁) on curve y = f(x), the slope of tangent = dy/dx|(x₁,y₁) and slope of normal = -1/(dy/dx)|(x₁,y₁).

For a differentiable function f(x), the approximate value at x = a + h is given by f(a + h) ≈ f(a) + h × f'(a).

If function f is continuous on [a,b], differentiable on (a,b), and f(a) = f(b), then there exists at least one point c in (a,b) where f'(c) = 0.

If function f is continuous on [a,b] and differentiable on (a,b), then there exists at least one point c in (a,b) where f'(c) = [f(b) - f(a)]/(b - a).

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Frequently Asked Questions

What are the important topics in Insurance and Annuity for Maharashtra Board Class 12 Mathematics & Statistics -Commerce?
Key topics in Insurance and Annuity include Application to Tangents and Normals, Rate Measure (Related Rates), Approximations using Differentials, Rolle's Theorem and Lagrange's Mean Value Theorem. Study these first, then practise questions on each for the Maharashtra Board Class 12 board exam.
How many formulas are in Insurance and Annuity?
This sheet lists 8 formulas from Insurance and Annuity, grouped by topic. Learn what each symbol stands for so you can apply the formula, not just recall it.
How should I revise Insurance and Annuity for the Maharashtra Board Class 12 board exam?
Learn the core ideas first, then work through the 44 practice questions on Insurance and Annuity. Revise definitions regularly and use flashcards for quick recall before the exam.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

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