Present worth of a sum due later at SI
This type of question, asked 2 times: 26 Jul 2023 S3, 13 Sep 2024 S2. All 2 questions below, oldest first.
Try each one first, then open its answer.
Question 1
26 Jul 2023 S3
53What is the present worth of ₹1,100 due in 2 years at 5% simple interest per annum?Tap an option to check your answer.
Question 2
13 Sep 2024 S2
53A trader owes a merchant ₹9,810 due in 1 year, but the trader wants to settle the account after 6 months. If the rate of simple interest is 9% per annum, how much cash (in ₹) should he pay?Tap an option to check your answer.