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True Discount

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  1. What is the present worth of Rs. 272.61 due in 2 years 73 days at 71/2 percent ?
    1. Rs. 334
    2. Rs. 254
    3. Rs. 234
    4. None of these
Correct Option: C

Required answer = (100 x 272.61) / (100 + 15/2 x 273/365)
= 27261 / (100 + 33/2) = (27261 x 2)/233
= Rs. 234.


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