Find the present worth of Rs.1749.6 due in 2 years at 8% per annum compound interest.

 

  • Option 1)

     

    Rs.1200                      

     

  • Option 2)

     

    Rs.1220   

     

  • Option 3)

     

     Rs.1500          

     

  • Option 4)

     

         Rs.1650

     

  • Option 5)

     

    Rs.1400                 

     

Answers (1)

The present worth of Rs.1749.6 due in 2 years at 8% per annum compound interest is:

Present \: worth = \frac{x}{ \left ( 1+\frac{R}{100} \right ) ^{T}}

\frac{(1749.6)}{\left ( \frac{108}{100} \right )^{2}} = 1500

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