The present worth of Rs.169 due in 2 years at 4% per annum compound interest is Choose the correct choice from the following options.
A) Rs 155.25 B) Rs 156.25 C) Rs 157.25 D) Rs 158.25 E) None of these
Explanation:   In this type of question we apply formula   Amount=P /(1+R/100)n   Amount=169 /(1+4/100)2   Amount=169∗25∗25/26∗26   Amount=156.25   Option Rs 156.25
<result>B</result>
The present worth of Rs.169 due in 2 years at 4% per annum compound interest is