Aptitude - True Discount - Discussion
Discussion Forum : True Discount - General Questions (Q.No. 14)
14.
The present worth of Rs. 1404 due in two equal half-yearly installments at 8% per annum simple interest is:
Answer: Option
Explanation:
| Required sum | = P.W. of Rs. 702 due 6 months + P.W. of Rs. 702 due 1 year hence | |||||||||||||
|
||||||||||||||
| = Rs. (675 + 650) | ||||||||||||||
| = Rs. 1325. |
Discussion:
22 comments Page 3 of 3.
Anonymous said:
7 years ago
Why second time we take only 702 if we consider time as 1 year?
Pavan G J said:
5 years ago
See, first 702rs pw is calculated for 6 months and second 702rs pw is calculated for 1 year because 6months + 6months = 1year i.e., we have to calculate the present worth in present the question is like divide the sum by 2 and calculate the pw of firtst half in 6 months and pw for 2nd half for 6 months.
For 2nd half we should consider 1year because when you think wrt pw it becomes 1year. Hope all of you can get.
For 2nd half we should consider 1year because when you think wrt pw it becomes 1year. Hope all of you can get.
(1)
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