Q

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

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

Views

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

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

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

Exams
Articles
Questions