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

A `Rs. 1325` 
B `Rs. 1300` 
C `Rs. 1350` 
D `Rs. 1500` 

+ Answer
A 

+ Explanation
Required sum = P.w. of` Rs.702` due `6` months hence + P.W. `702` due `1` year hence

`= Rs. [((100 xx 702)/(100 + 8 xx 1/2)) + ((100 xx 702)/(100 + (8 xx 1)))]`

`= Rs. (675 + 650)`

`= Rs. 1325`.

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Irin Moni

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