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  1. The present worth of a sum of money due for 146 days at 5 % is ₹400. The sum due is :
    1. ₹410
    2. ₹408
    3. ₹415
    4. ₹450
    5. None of these
Correct Option: B

Given :- Present worth = ₹400 , Rate = 5%

Time = 146 days = 146 years
365

True Discount = P.W. × Time × Rate
100

True Discount = ₹400 × 146 × 5 = ₹8
365100

Sum due = Present worth + True Discount
Sum due = ₹400 + ₹8 = ₹408.



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