Question

The present value of a bill which is due at the end of 4 years is Rs 575. But if it becomes due in 5/2 years, then its present value will be Rs.620. What will be the amount of that bill? (Need help )​

Answer 1

Step-by-step explanation:

Then,

A=1200+1200×r×712×100

=> A = 1200 + 7rAgain 1200+7r=1016+1600×r×25100

=> 1200+7r=1016+25.4r

=> 18.4r - 184

Therefore, r = 18418.4 = 10%

Hope this will help you buddy....

Have a great day ahead...