What is the present worth of Rs 132 due in 2 years at 5% simple interest per annum?
Question
Solution 1
To calculate the present worth of Rs 132 due in 2 years at 5% simple interest per annum, we need to use the formula for calculating the present value (PV) of a future sum of money. The formula is:
PV = FV / (1 + r)^n
where:
- FV is the future value of the money (Rs 132 in this case)
- r is the int Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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