What is the present worth of Rs. 143 due in 2 years at 5% simple interest per annum
Choose the correct choice from the following answers:  A) 110  B) 120  C) 130  D) 140  E) None of these
Explanation:   Let the present worth be Rs.x   Then,S.I.= Rs.(143 - x)   = (x*5*2/100) = 143 - x   = 10x = 14300 - 100x   = 110x = 14300   x= 130   Answer: 130
<result>C</result>
What is the present worth of Rs. 143 due in 2 years at 5% simple interest per annum