Banker's Discount Practice Test 2

Question : 8 of 40

Marks: +1, -0

Find the present worth and discount ofRs 2,000 due in 3 years reclaiming compound interest at 5%.

Solution:

PW=A/(1+R/100)^n

=2000/(1+5/100)^3

=2000×(100/105)^3

=1727.67

Go to Question:

Prev Question

Next Question