Asked in PPSC, FPSC and other one-paper exams (compiled from unofficial resources).
Financial MathematicsSimple and Compound Interest
The value of an article which was purchased 2 years ago depreciates at 12% per annum. If its present value is Rs. 9680, the price at which it was purchased is?
- A.Rs. 12,000
- B.Rs. 11,000
- C.Rs. 12,500Correct answer
- D.Rs. 10,800
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Practice these MCQs in the appQuick fact: The purchase price is Rs. 12,500.