Question

The present worth of Rs. 1404 due in two equal half-yearly installments at 8% per annum simple interest is:

a.

Rs. 1325

b.

Rs. 1300

c.

Rs. 1350

d.

Rs. 1500

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Answer: (a).Rs. 1325

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Q. The present worth of Rs. 1404 due in two equal half-yearly installments at 8% per annum simple interest is:

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