1)

What is the present worth of Rs. 132 due in 2 years at 5% simple interest per annum?


A) Rs. 122

B) Rs. 112

C) Rs. 118.80

D) Rs. 120

E) Rs. 119

Answer:

Option C

Explanation:

S.I. =PNR100 =135×5×2100 = Rs.13.2

Present worth =13213.2 = Rs. 118.80.