Question

What will be the present worth of rs. 169 due in 2 yr at 4 % pa compound interest ?

Answer 1

Answer:

156.25

Step-by-step explanation:

let, the pricipal p.

formula

$p {(1 + \frac{4}{100}) }^{2} = 16 9 \\ or \: p \times {104}^{2} = 1690000 \\ or \: p = \frac{169000}{10816} = 156.25$