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The present worth of Rs. 702 due in two equal half-yearly installments at 8% per annum calculated at simple interest is Rs.

Correct Answer: 1,325

Explanation:

According to question ,
Required Sum = PW of Rs. 702 due 6 months hence + PW of Rs. 702 due 1 year hence = Rs. 1325
Thus , required sum is Rs. 1325 .


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