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If rate of interest is 10 the PV (present value) of...

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Economics
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If rate of interest is 10%, the PV (present value) of Rs.100 received in 1 year's time is

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Correct Answer: Option B
If rate of interest is 10%, the PV (present value) of Rs.100 received in 1 year's time is 90.9. "Present value" of a rupee received a year from now, is equal to only 90.9 paise [100/(1.1)].
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Pranav Devansh
Pranav Devansh 9 years ago
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