The present worth of Rs.169 due in 2 years at 4% per annum compound interest is
Rs 155.25
Rs 156.25
Rs 157.25
Rs 158.25
Explanation:
In this type of question we apply formula
Amount=P/$(1+R/100)^n$
Amount=169$(1+4/100)^2$
Amount=169∗25∗25/26∗26
Amount=156.25
In this type of question we apply formula
Amount=P/$(1+R/100)^n$
Amount=169$(1+4/100)^2$
Amount=169∗25∗25/26∗26
Amount=156.25