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A sum of money amounts to $1800 after 2 years at a certain rate of interest. If

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Question: A sum of money amounts to $1800 after 2 years at a certain rate of interest. If the true discount is $200, what is the present worth?

Options:

  1. $1600
  2. $1700
  3. $1800
  4. $1900

Correct Answer: $1600

Solution: 

Present Worth = Amount - True Discount. Thus, Present Worth = 1800 - 200 = $1600.

A sum of money amounts to $1800 after 2 years at a certain rate of interest. If

Practice Questions

Q1
A sum of money amounts to $1800 after 2 years at a certain rate of interest. If the true discount is $200, what is the present worth?
  1. $1600
  2. $1700
  3. $1800
  4. $1900

Questions & Step-by-Step Solutions

A sum of money amounts to $1800 after 2 years at a certain rate of interest. If the true discount is $200, what is the present worth?
  • Present Worth Calculation – Understanding how to calculate present worth using the amount and true discount.
  • True Discount – Knowledge of what true discount means in the context of finance.
  • Interest and Time Relation – Understanding the relationship between time, interest, and the amount.
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