What will be the present value of ₹ 484 due in 2 years at 10% per annum compound interest?

₹600 ₹400 ₹200 ₹800

₹400

The Formula that we used here is - Amount = P$(1 \;+\; \frac{R}{100})^t$ 484 = P [ 1 + \(\frac{10}{100}\) ]² 484 = P [ \(\frac{11}{10}\) ]² 484 × \(\frac{10}{11}\) × \(\frac{10}{11}\) = P P = Rs. 400