-
The present worth of Rs. 702 due in two equal half-yearly installments at 8% per annum calculated at simple interest is Rs.
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- 600
- 1,500
- 1,325
- 1,000
Correct Option: C
According to question ,
Required Sum = PW of Rs. 702 due 6 months hence + PW of Rs. 702 due 1 year hence = Rs. 1325
Thus , required sum is Rs. 1325 .
