The present worth of rupees. 169 due in 2 years at 4% per annum compound interest is :

Olympiad Test: Compound Interest

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Related The present worth of Rs 169 due in 2 years at 4% per annum compound interest is:a)Rs 150.50b)Rs 154.75c)Rs 156.25d)Rs 158Correct answer is option 'C'. Can you explain this answer?

Present worth = Rs [169/(1+4/100)²]
= Rs (169 × 25/26 × 25/26)
= Rs 156.25

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Present worth = Rs [169/(1+4/100)²]= Rs (169 × 25/26 × 25/26)= Rs 156.25

Correct Answer:

Description for Correct answer:

Given, R = 4%, n = 2 yr and A =RS.169 P = ?

According to the formula,

Amount = \( \Large P \left(1+\frac{R}{100}\right)^{n} \)

=> 169= \( \Large P \left(1+\frac{4}{100}\right)^{2} \)

=> 169=\( \Large P \left(\frac{26}{25}\right)^{2} \)

=> P=\( \Large \frac{169\times 25\times 25}{26\times 26} \)

P=\( \Large \frac{105625}{676} \)=RS.156.25

Part of solved Compound interest questions and answers : >> Aptitude >> Compound interest

The compound interest on a certain sum of money at 21% for 2 years is ₹9,282. Its simple interest (in ₹) at the same rate and for the same period is:

A) 8,500	B) 8,400
C) 8,000	D) 8,750