-
The present worth of a bill of ₹1764 due for 2 years at 5 % compound interest is :
-
- ₹1650
- ₹1700
- ₹1600
- ₹1714
- None of these
Correct Option: C
Given that :- Amount = ₹1764 , Rate = 5% and Time = 2 years
| ∴ Present Worth ( P.W. ) = Amount ÷ |  | 1 + | Rate |  | Time |
| 100 |
| P.W. = ₹1764 ÷ | | 1 + | 5 | | × | | 1 + | 5 | |
| 100 | 100 |
| = ₹1764 × | 440 | = ₹1600 |
| 441 |
