Rs 1,21,000 is due in 2 years. At 10%, its present value is?
ARs 99,000
BRs 1,10,000
CRs 1,05,000
DRs 1,00,000
Answer & Solution
Correct answer: D. Rs 1,00,000
121000 divided by 1.1 squared (1.21) gives 100000.
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