The present worth of Rs. 1404 due in two equal half-yearly installments at 8% per annum simple interest is : Answers.
A) Rs. 1325
B) Rs. 1300
C) Rs. 1350
D) Rs. 1500
E) Rs. 1800
Solution   Required sum = P.W. of Rs.702 due 6 months hence + P.W. of Rs. 702 due 1 year hence   = Rs. [( 100x 702/100 + 8 x1/2 ) + ( 100x 702/100 + 8x 1) ] = Rs. (675 + 650) = Rs. 1325.   Rs. 1325nswer Rs. 1325
<result>A</result>
The present worth of Rs. 1404 due in two equal half-yearly installments at 8% per annum simple interest is :