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  • 14. Find the present value (in Rs.) of Rs.3000 due after 5 years at 10% p.a. simple interest.Option: 1 1500<str

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

Option: 1

1500


Option: 2

1800


Option: 3

2000


Option: 4

2500


Answers (1)

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 %

$3000 / 150 \times 100=2000$

i.e $100 \%$ is equal to the $\mathrm{P}$ which is $2000 \mathrm{Rs}$.

 

Posted by

Sumit Saini

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