What is the present worth of Rs. 176 due in 2 years at 5% simple interest per annum	Select the correct option
A) 110
B) 120
C) 150
D) 160
E) None of these
Explanation:   Let the present worth be Rs.x   Then,S.I.= Rs.(176 - x)   = (x*5*2/100) = 176 - x   = 10x = 17600 - 100x   = 110x = 17600   x= 160   Answer:160
<result>D</result>
What is the present worth of Rs. 176 due in 2 years at 5% simple interest per annum