Vishwanath
Sunday, February 17, 2013
30 .The present worth of Rs. 1404 due in two equal half-yearly installments at 8% per annum simple interest is:
A. Rs. 1325
B. Rs. 1300
C. Rs. 1350
D. Rs. 1500
Answer:
Option : A
Required sum = P.W. of Rs. 702 due 6 months + P.W. of Rs. 702 due 1 year hence
= Rs. (675 + 650)
= Rs. 1325.
Title : True Discount Q30
Description : 30 .The present worth of Rs. 1404 due in two equal half-yearly installments at 8% per annum simple interest is: A. Rs. 1325 B. ...
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