True Discount Q30

30 .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 

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

= Rs.			100 x 702		+	100 x 702 100 + (8 x 1)
			100 + 8 x 1 2

= Rs. (675 + 650)

= Rs. 1325.