Question

5. What is the present value of 1500 due after 5 years
at 10% pa. simple interest?
(A) 1400
(B) 1200
(C) 1100
(D) 1000​

Answer 1

Answer:

P=1500

T=5 years

R=10%

A =1500(1+10/100)⁵

1500(1+1/10)⁵

1500(11/10)⁵

1500×11/10×11/10×11/10×11/10×11/10

15×11×11×11/10×11/100×11/10

1815×11/10×11/10

2,196.15

Simple intrest=P×R×T

=1500×10×5

=75,000

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Answer 2

Answer:

The present value of 1500 due after 5 years after $10\%$ pa. simple interest is $1000$.

Step-by-step explanation:

Step 1:

Given,  

           $A=1500\\T=5 years\\R=10%$

Interest  for $5$ years at $10\%$ rate is equal to the $50\%$ of P and the amount will be $150\%$ of $P$

$1500$  is $150\%$ of $P$

Step 2:

$\implies P= 1500/15\%$

          $=\frac{1500}{150}\times100$

          $=1000$

Hence, the present value is $1000$.

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