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. =PNR100 =135×5×2100 = Rs.13.2 Present worth =132−13.2 = Rs. 118.80.