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Banker's Discount Practice Test 3
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© examsnet.com
Question : 3
Total: 12
Find the present worth of Rs 3,900 due 1 year hence, at 4% p.a.
Rs 7,350
Rs 6,970
Rs 3,750
Rs 2,570
Rs 5,296
Validate
Solution:
P
W
=
100
×
A
100
+
(
R
×
T
)
=
100
×
3900
100
+
(
4
×
1
)
=
3750
© examsnet.com
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