PYQ Vault

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.

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  1. Question 1

    26 Jul 2023 S3

    53
    What is the present worth of ₹1,100 due in 2 years at 5% simple interest per annum?

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  2. Question 2

    13 Sep 2024 S2

    53
    A 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?

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