An amount of rs 2400 is due after 6 years under simple interest at 10% p.a. find its present value in rs.
Answers
Answered by
54
A = P( 1 + rt)
Given that the future amount is Rs 2400 after 6 years at 10% p.a.
2400 = P(1 + 0.1(6) )
2400 = P(1.6 )
P = 2400 ÷ 1.6
P = 1500
The present value is Rs 1500
Answered by
32
SI= PTR/100=2400x6x10/100=1440
Amount=SI+Principal=1440+2400=3840
utsavupadhyay:
easy
I know it. I answered this question just for a challenge.
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