The present value of Rs.1,400 at 8% simple interest for 5 year is:
1000
The the present value of RS 1400 at 8%simple interest for 5years is
To calculate the present value of Rs.1,400 at 8% simple interest for 5 years, you can use the formula for simple interest:
Simple Interest (SI) = Principal (P) x Rate (R) x Time (T)
In this case, the Principal (P) is the unknown amount we are trying to find, the Rate (R) is 8%, and the Time (T) is 5 years. The formula can be rearranged as follows:
P = SI / (R x T)
Substituting the given values into the formula:
P = 1400 / (0.08 x 5)
P = 1400 / 0.4
P = 3500
Therefore, the present value of Rs.1,400 at 8% simple interest for 5 years is Rs.3,500.