The present worth of Rs.169 due in 2 years at 4% per annum compound interest is

Q: The present worth of Rs.169 due in 2 years at 4% per annum compound interest is

Present Worth = P 1 + R 100 2 = 169 1 + 4 100 2 = Rs.156.25

Rs.156.25
Rs.150
Rs.140
Rs125.25

Correct Answer: Rs.156.25

Explanation:

Present Worth

= $\frac{P}{1 + \frac{R}{100}}$

= $\frac{169}{1 + \frac{4}{100}}$

= Rs.156.25

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