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1. The present worth of Rs. 1404 due in two equal half-yearly installments at 8% per annum simple interest is:
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By: guest on 01 Jun 2017 05.49 pm
Required sum = P.W. of Rs. 702 due 6 months + P.W. of Rs. 702 due 1 year hence = Rs. 100 x 702 + 100 x 702 100 + (8 x 1) 100 + 8 x = Rs. (675 + 650) = Rs. 1325.