The present worth of Rs.676 due in 2 years at 4% per annum compound interest is Answers
A) rs . 150.50
B) rs . 154.75
C) rs . 156.25
D) rs . 625
E) none

Rationale: solution present worth = rs . [ 676 / ( 1 + 4 / 100 ) ² ] = rs . ( 676 x 25 / 26 x 25 / 26 ) = rs . 625 answer d
Answer: D