On the basis of the following information, calculate the Discounted Value of Certificate Deposit. Face Value ₹ 50,00,000/-. Number of Days: 91 Days. Rate of Interest: 7%

The formula for calculation of discounted value of Certificate of Deposit (CD) is: Discounted Value of CD=[36,500*Face Value] / [36,500 + (No. of Days * Interest)] By putting the value in the formula, we get: Discounted Value of CD = (36,500*50,00,000)/[36,500+(91*7)] =(36,500*50,00,000)/[36,500+637] =(36,500*50,00,000)/37,137 =49,14,236.48 Rounded off to nearest Rupees comes to ₹ 49,14,236/-.