The present worth of Rs. 1404 due in two equal half-yearly installments at 8% per annum simple interest is:
A. Rs. 1325
B. Rs. 1300
C. Rs. 1350
D. Rs. 1500
Answer: Option A
Solution(By Examveda Team)
Required sum= P.W. of Rs. 702 due 6 months + P.W. of Rs. 702 due 1 year hence
$$\eqalign{ & = Rs.\,\left[ { {\frac{{100 \times 702}}{{100 + 8 \times \frac{1}{2}}}} + {\frac{{100 \times 702}}{{100 + \left( {8 \times 1} \right)}}} } \right] \cr & = Rs.\,\left( {675 + 650} \right) \cr & = Rs.\,1325 \cr} $$
Related Questions on True Discount
The true discount on Rs. 2562 due 4 months hence is Rs. 122. The rate percent is:
A. 12%
B. 13%
C. 15%
D. 14%
A. Rs. 9025.20
B. Rs. 9200
C. Rs. 9600
D. Rs. 9560
A. Rs. 12,000 in cash
B. Rs. 12,880 at credit
C. Both are equally good
D. Rs. 18.33
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