Hi Guys, Can somebody please help me in SCR calculation for above mentioned question? I dont understand how 0.01 is used in the denominator of the answer to this question. Question says that 10% of final salary, so it should be 0.1 not 0.01. Can somebody please correct me if I am wrong? Regards, Rajat
I think the 0.01 is just to convert the fraction into a percentage, so think you can almost ignore it. The 10% FS is reflected in the numerator.
