the present worth of rs . 1404 due in two equal half - yearly instalments at 8 % per annum simple interest is :
solution required sum = p . w . of rs . 702 due 6 month hence + p . w . of rs . 702 due 1 year hence = rs . [ ( 100 x 702 / 100 + 8 x 1 / 2 ) + ( 100 x 702 / 100 + ( 8 x 1 ) ) ] = rs . ( 675 + 650 ) = rs . 1325 . answer a
add(divide(divide(1404, const_2), divide(add(const_100, 8), const_100)), divide(divide(1404, const_2), divide(add(const_100, divide(8, const_2)), const_100)))