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Find the present value (in Rs.) of Rs.3000 due after 5 years at 10% p.a. simple interest.

Find the present value (in Rs.) of Rs.3000 due after 5 years at 10% p.a. simple interest.

  • Option 1)

    1600

  • Option 2)

    1800

  • Option 3)

    2000

  • Option 4)

    2500

  • Option 5)

    1500

Answers (1)
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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 %

\frac{3000}{150}\times 100=2000

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

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