Economy, asked by sharadskn6803, 1 year ago

A present worth of rs.242 due in 2 years at 10 percent per annum compound interest is

Answers

Answered by aqsaahmed19945

1

Present worth of Rs. x due to T years hence is given by :

Present Worth ( P. W ) = x / [ 1 + R / 100 ] ^ T

P. W = 242 / [ 1 + 10 / 100 ] ^ 2

P. W = Rs. 200

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