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What is the present worth of Rs. 272.61 due in 2 years 73 days at 7 1/ 2 percent?

Rs. 334
Rs. 254
Rs. 234
None of these

Correct Answer: Rs. 234

Explanation:

Required answer = (100 x 272.61) / (100 + 15/2 x 2⁷³/₃₆₅)
= 27261 / (100 + 33/2) = (27261 x 2)/233
= Rs. 234.

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