What will be the present value of ₹ 484 due in 2 years at 10% per ann…

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