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. 139.80 Answer: Option CExplanation:$SI$ $=\frac{P\times N\times R}{100}$ $=\frac{(132\times 5\times 2)}{100}$ $=13.2$ Present worth $=132-13.2$ = Rs. 118.80
