Question

Q.14) Present worth of Rs 2592 due in 3 years
hence at 20% p.a is
a) Rs 1500 b) Rs 1200 c) Rs 1300
d) Rs 1250e ) Rs 3400​

Answer 1

Answer:

a)1500

Step-by-step explanation:

A = P(1 + i)^n

Where A = Amount, P = Principal, n = No of years, i = rate ÷ 100

P = A ÷ (1+i)^n

P = 2592 ÷ (1+20/100)^3

P = 2592 ÷ (1.2)^3

P = 2592 ÷ 1.728

P = Rs. 1500