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Rs 1,21,000 arrives in 2 years. At 10% annual discount, present value?

ARs 1,00,000
BRs 1,21,000
CRs 1,05,000
DRs 1,10,000
Answer & Solution
Correct answer: A. Rs 1,00,000
Dividing 1,21,000 by 1.1 twice (1.21) gives a present value of Rs 1,00,000.
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