Question

The present value Rs. 10,000 due in 2 years at 5% p.a, compound interest when the in
basis is:
(A) Rs. 9070
(B) Rs. 9069
(C) Rs. 9061
(D) Rs. 9060​

Answer 1

Step-by-step explanation:

let P=x

CI=10000

r=5%

t=2yrs

CI=P(R+1/100)^t

10000=p(5+1/100)^2

10000=441/10000p

p=10000*10000/441