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The sum will discharge a debt of rs 5625 due after 2 years and 6 months at 5% and simple interest to day is?
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The sum will discharge a debt of rs 5625 due after 2 years and 6 month...
Solution:
Step 1: Calculate the interest for 2 years and 6 months at 5% simple interest
Given, Principal amount (P) = Rs 5625, Rate of interest (R) = 5%, Time (T) = 2 years 6 months = 2.5 years
Simple Interest (SI) = (P * R * T) / 100
= (5625 * 5 * 2.5) / 100
= Rs 703.125
Step 2: Calculate the total amount to be paid after 2 years and 6 months
Total amount to be paid = Principal amount + Simple Interest
= Rs 5625 + Rs 703.125
= Rs 6328.125
Step 3: Calculate the present value of the debt
Present Value (PV) = Total amount / (1 + (R * T))
= 6328.125 / (1 + (5/100) * 2.5)
= Rs 5625
Step 4: Calculate the present value of the debt today
Present Value today = Present Value / (1 + (R * T))
= 5625 / (1 + (5/100) * (2.5/12))
= Rs 5066.077
Therefore, the sum that will discharge the debt of Rs 5625 due after 2 years and 6 months at 5% simple interest to today is Rs 5066.077.
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The sum will discharge a debt of rs 5625 due after 2 years and 6 months at 5% and simple interest to day is?
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The sum will discharge a debt of rs 5625 due after 2 years and 6 months at 5% and simple interest to day is? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about The sum will discharge a debt of rs 5625 due after 2 years and 6 months at 5% and simple interest to day is? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The sum will discharge a debt of rs 5625 due after 2 years and 6 months at 5% and simple interest to day is?.
The sum will discharge a debt of rs 5625 due after 2 years and 6 months at 5% and simple interest to day is? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about The sum will discharge a debt of rs 5625 due after 2 years and 6 months at 5% and simple interest to day is? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The sum will discharge a debt of rs 5625 due after 2 years and 6 months at 5% and simple interest to day is?.
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