What is the present worth of Rs. 132 due in 2 years at 5% simple interest per annum
Let the present worth be P Then, Simple Interest = (132 - P) ⇒ P × 5 × 2 100 = 132 - P ⇒ 10P = 13200 - 100P ⇒ 110P = 13200 P = 120
Let the present worth be P
Then, Simple Interest = (132 - P)
⇒ P × 5 × 2 100 = 132 - P
⇒ 10P = 13200 - 100P
⇒ 110P = 13200
P = 120
1297 MCQ for effective preparation of the test of Interest of Word Problems section.
Read the MCQ statement: What is the present worth of Rs. 132 due in 2 years at 5% simple interest per annum , keenly and apply the method you have learn through the video lessons for Interest to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 207-12974.