1.

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

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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