Mathematics · Simple Interest

The present worth of Rs. 2,652 payable in two equal half-yearly installments at 4% per annum simple interest is:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Rs. 2,654
2Rs. 2,875
3Rs. 2,435
4Rs. 2,575✓

Correct answer

Rs. 2,575

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The present worth of Rs. 2,652 payable in two equal half-yearly installments at 4% per annum simple interest is:

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