Math, asked by Reitwiec5154, 1 year ago

An amount of rs. 2400 is due after 6 years under simple interest at 10% p.A. Find its present value.

Answers

Answered by Anonymous

3

Answer:

1500

Step-bystep explanation:

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

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