What is the present worth of Rs. 400 due in 3 years at 5% simple interest per annum?

Options
- Rs. 367.5
- Rs. 347.8
- Rs. 267.6
- Rs. 267.4

CORRECT ANSWER : Rs. 347.8

Discussion Board
sol of above problem

A = P + SI
A= P + P.R.T/100
A =P(1+R.T/100)
400= P(1+15/100)
400=23P/20
P=400*20/23
P= 347.8

UNKNOWN 01-24-2023 06:25 AM

Justification for answer

400-P=Px3x5/100

Solve for P . U''ll get the answer..

Umme 07-20-2018 06:06 AM

aptitude

how you arrived the answer is 347.8?

keerthika 09-7-2017 10:20 AM

doubt regarding the answer

What is the present worth of Rs. 400 due in 3 years at 5% simple interest per annum?

how you arrived that answer is 347.8?


arumugam 05-5-2017 10:07 AM

Write your comments


Enter the code shown above:

(Note: If you cannot read the numbers in the above image, reload the page to generate a new one.)


Advertisement
 
▲