Multiple choice

The present worth of $RS. 2310$ due $2\dfrac {1}{2}$ years hence, the rate of interest being $15$% per annum, is:

  1. $Rs. 1750$
  2. $Rs. 1680$
  3. $Rs. 1840$
  4. $Rs. 1443.75$
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Present Worth = Amount / (1 + (R*T)/100). PW = 2310 / (1 + (15 * 2.5)/100) = 2310 / (1 + 37.5/100) = 2310 / 1.375 = 1680.

AI explanation

The present worth is calculated by subtracting the simple interest from the future amount, using the formula PW = Amount / (1 + (R * T) / 100). Substituting the given values gives 2310 / (1 + (15 * 2.5) / 100), which simplifies to 2310 / 1.375. Dividing 2310 by 1.375 results in a present worth of Rs. 1680.

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