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 CExplanation:$S.I.$ $=\frac{PNR}{100}$ $=\frac{135\times 5\times 2}{100}$ = Rs.$13.2$ Present worth $=132-13.2$ = Rs. 118.80.
