general math MCQ #139

The present worth of Rs. 1404 due in two equal half-yearly installments at 8% per annum simple interest is:

general math MCQ #139

  1. Question 1

    Q1. The present worth of Rs. 1404 due in two equal half-yearly installments at 8% per annum simple interest is:

    • A) Rs. 1325
    • B) Rs. 1300
    • C) Rs. 1350
    • D) Rs. 1500

    Answer: Rs. 1325

    Explanation: PW of first installment (702 in 6 months at 4%) = 702/1.04 = 675; PW of second (702 in 12 months at 8%) = 702/1.08 = 650; total = Rs.1,325.