Compound Interest Practice Test 4

Question : 31 of 40

Marks: +1, -0

Find the present value of a commodity that was purchased for Rs 87,000, 2 years ago if its value decreased by 50% during the first year and then increased by 120% in the second year.

Rs 90,000
Rs 93,330
Rs 92,600
Rs 95,700
Rs 97,400

Validate

Solution:

Present value

=87,000(1-50/100)(1+120/100)

=87000×1/2×22/10

=95,700

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