The present value of an annuity of Rs. 1,331 paid at the end of each year for 3 years, at 10 % p.a. is
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Step-by-step explanation:
simple intrest =principle×rate ×time/100
principle=1,331/-
rate=10%
time=3 years
S. I=1,331×10×3/100
S. I=399.3/-
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