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The present worth of Rs. 169 due in 2 years at 4% per annum compound interest is1. Rs. 150.502. Rs. 154.753. Rs. 156.254. Rs. 158 |
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Answer» Correct Answer - Option 3 : Rs. 156.25 Given : Amount = 169 time = 2 year Rate% = 4% Formula Used : \(Amount = P\;{\left( {1 + \frac{r}{{100}}} \right)^t}\) Where P is the principal, r is the rate of interest and t be the time period Calculation: Accordingly, \(169 = P\;{\left( {1 + \frac{4}{{100}}} \right)^2}\) P = (169 × 25× 25)/26× 26 P = 156.25 ∴ The required amount is Rs. 156.25. |
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