Multiple Choice Questions on The present worth of Rs 1404 due in two equal half yearly installments at 8 per annum simple interes........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

The present worth of Rs 1404 due in two equal half yearly installments at 8 per annum simple interes...........

Quantitative Aptitude ( CCS) Simple Interest
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    The present worth of Rs. 1404 due in two equal half-yearly installments at 8% per annum simple interest is

    Rs. 1325

    Correct Answer

    Rs. 1300

    Incorrect Answer

    Rs. 1350

    Incorrect Answer

    Rs. 1500

    Incorrect Answer
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    Explanation:

    Required sum
    = P.W. of Rs. 702 due 6 months + P.W. of Rs. 702 due 1 year hence
    =Rs.[(100×702/100+8×12)+(100×702/100+(8×1))]=Rs.(675+650)=Rs.1325.

    By: MIRZA SADDAM HUSSAIN
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