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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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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? for Class 7 2022 is part of Class 7 preparation. The Question and answers have been prepared according to the Class 7 exam syllabus. Information about 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? covers all topics & solutions for Class 7 2022 Exam. Find important definitions, questions, meanings, examples, exercises and tests
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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
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