# Find the present value (in Rs.) of Rs.3000 due after 5 years at 10% p.a. simple interest. Option 1) 1600Option 2) 1800Option 3) 2000Option 4) 2500Option 5) 1500

A = 3000

T = 5 years

R = 10 %

Interest for 5 years at 10 % rate is equal to the 50 % of P and amount will be 150 % of P

3000 is 150 %

i.e 100 % is equal to the P which is Rs 2000 .

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