18) Find the present worth of Rs. 930 due 3 years hence at 8% per annum. Also find the discount.
Sol.option:D
A.150
B.160
C.170
D.180
P.W=100 x Amount /[100 + (R x T)]
=Rs.100 x 930/100+ (8×3)
= (100×930)/124
= Rs. 750,
T.D. = (Amount) – (P.W.) = Rs. (930 – 750) = Rs. 180.
