Question

What is the present worth of Rs. 264 dues in 4 years at 10% simple interest per annum?
My answered was 180,32 PV= fv/(1+0.10)^5

Answer 1

Answer:

Example: What is $570 next year worth now, at an interest rate of 10% ? PV = $570 / (1+0.10)1 = $570 / 1.10 = $518.18 (to nearest cent). But your ...