Multiple choice

What is the present worth of Rs.5324 due in 3 years hence at 10% per annum compound interest, interest being compounded annually? 5324 रु. की धनराशि का वर्तमान मूल्य क्या है जोकि यहाँ से 3 वर्ष के बाद 10% वार्षिक चक्रवृद्धि ब्याज की दर से देय है, जबकि ब्याज वार्षिक रूप से उपचयित होता है ?

  1. Rs./रु.5000

  2. Rs./रु.4000

  3. Rs./रु.3600

  4. Rs./रु.3800

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

To find present worth with compound interest, use the formula PV = FV/(1+r)^n where PV is present value, FV is future value (Rs.5324), r is rate (10% or 0.10), and n is time (3 years). PV = 5324/(1.10)^3 = 5324/1.331 = Rs.4000. Verification: 4000 x 1.331 = 5324.