Find the present worth of Rs. 930 due 3 years hence at 8% per annum. Also find the discount.
P.W = 100 x Amount /[100 + (R x T)]
= Rs.100 x 930/100+ (8 x 3)
= (100 x 930)/124
= Rs. 750,
T.D. = (Amount) - (P.W.) = Rs. (930 - 750) = Rs. 180.
