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  1. The present worth of a bill of ₹1764 due for 2 years at 5 % compound interest is :
    1. ₹1650
    2. ₹1700
    3. ₹1600
    4. ₹1714
    5. None of these
Correct Option: C

Given that :- Amount = ₹1764 , Rate = 5% and Time = 2 years

∴ Present Worth ( P.W. ) = Amount ÷1 + RateTime
100

P.W. = ₹1764 ÷1 + 5×1 + 5
100100
= ₹1764 ×440 = ₹1600
441



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