The current value of Rs. 2310, which is due in two years and has a 15% annual interest rate, is:
A. Rs. 1750
B. Rs. 1680
C. Rs. 1840
D. Rs. 1443.75
Answer:B
The current value of Rs. 2310, which is due in two years and has a 15% annual interest rate, is:
A. Rs. 1750 B. Rs. 1680 C. Rs. 1840 D. Rs. 1443.75
Explanation: P.W. = Rs.100 × 2310/100 + 15 X 5/2 = Rs.1680.