The present worth of Rs.1183 due in 2 years at 4% per annum compound interest is
Options: A) Rs.150.50 B) Rs.154.75 C) Rs.156.25 D) Rs.1093.75 E) None
Solution   Present Worth	= Rs.[1183/(1+4/100)²]   = Rs.(1183x25/26x25/26)   = Rs.1093.75   Answer Rs.1093.75
<result>D</result>
The present worth of Rs.1183 due in 2 years at 4% per annum compound interest is