Question

The present worth of Rs. 990 due 1 year hence at 10% p.a compounded annually, is​

Answer 1

Step-by-step explanation:

Amount = Principal(1 + r/100)^n {here n Is time period}

A = 990(10/11)^1

A = 99 × 11

Amount = 1089 rs

This is the answer.Thanks!

Answer 2

Answer:

900

Step-by-step explanation:

P=? , Amount=990, R=10, Time=1year

Amount=P(1+R/100)power n

990= P(1+10/100)

990=P(11/10)

990=11P/10

By cross multiplication

990*10/11=P

900=P

or

P=900