ABC26GN4166 · Compound Interest

Subject: General Aptitude · Chapter: Compound Interest · Exam: · Marks: · Difficulty:

The present worth of ₹ 169 due in 2 years at 4\% per annum compound interest is

(a)₹ 150.50

(b)₹ 154.75

(c)₹ 156.25

(d)₹ 158

Answer

Answer (as printed): D

Explanation

Present worth $=₹\left[\frac{169}{\left(1+\frac{4}{100}\right)^{2}}\right]$ $$=₹\left(169 \times \frac{25}{26} \times \frac{25}{26}\right)=₹ 156.25 .$$

Explanation as extracted from the printed page; notation may be imperfect.

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