-
The present worth of a sum of money due for 146 days at 5 % is ₹400. The sum due is :
-
- ₹410
- ₹408
- ₹415
- ₹450
- 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 |
365 | 100 |
Sum due = Present worth + True Discount
Sum due = ₹400 + ₹8 = ₹408.