Compound Interest

Quantitative Aptitude ( CCS)

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Indian Economy - Understanding the basics of Indian economic system

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The present worth of Rs.169 due in 2 years at 4% per annum compound interest is :

Rs.150

Rs.140

Rs.156.25

Rs.156

Explanation:

Present Worth = P/(1+R/100)²

= 169/(1+4/100)²

= Rs.156.25

Hence, option 3 is the correct answer.

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