Find the present worth of Rs.930 due 3 years hence at 8% per annum.Aso find the discount?
A) 186
B) 180
C) 185
D) 189
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Ans is option B) 180.
Explanation:
P. W. = (100x amount / 100+ RxT)
100x 930 / 100 + 8 x3 = 750
T. D= Amount - P.W
= 930 - 750
= Rs.180/-
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