Multiple choice

The present worth of Rs. $450$ due in $2\dfrac{3}{2}$ years at $10\%$ per annum compound interest is:

  1. $322.36$
  2. $222.36$
  3. $122.36$
  4. $422.36$
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A Correct answer
AI explanation

The question contains a typo in the time period and likely intends 2.5 years, but even calculating for 2.5 years yields a present worth of about 357.66, which does not match the given options. Calculating for 3.5 years gives a present worth of 322.36, which is derived using the present value formula: 450 divided by (1.1 raised to the power of 3.5). The principal is 322.36.

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