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

1.

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

Answer: Option A

Explanation:

Required sum

= P.W. of Rs. 702 due 6 months + P.W. of Rs. 702 due 1 year hence

= Rs.

1-sym-obracket-h1

1-sym-oparen-h1

100 x 702

1-sym-cparen-h1

+

	100 x 702
	100 + (8 x 1)

1-sym-cbracket-h1

100 + 8 x

= Rs. (675 + 650)

= Rs. 1325.

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