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What will be the present worth of rs. 169 due in two years at 4% per annum compound interest ?

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by idhimoh21

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by idhimoh21

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A=P(1+r/n)^nt

A=169(1+0.04/1)^1*2

A=169(1.04)^2

A=182.7904 rs. is the present worth.

The Brainliest Answer!

Well after compounding for 2 years the amount is 169

so

x(1+0.04)^n=169

n=2

so x=169/(1.04)²=156.25

so

x(1+0.04)^n=169

n=2

so x=169/(1.04)²=156.25