The present worth of Rs.1014 due in 2 years at 4% per annum compound interest is Pick one: A) Rs.150.50 B) Rs.937.5 C) Rs.156.25 D) Rs.158 E) None
Solution   Present Worth	= Rs.[1014/(1+4/100)²]   = Rs.(1014x25/26x25/26)   = Rs.937.5   Answer Rs.937.5
<result>B</result>
The present worth of Rs.1014 due in 2 years at 4% per annum compound interest is