What is the present worth of Rs. 132 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.(132 - x)   =� (x*5*2/100) = 132 - x   =� 10x = 13200 - 100x   =� 110x = 13200   x= 120   Answer: 120
<result>B</result>
What is the present worth of Rs. 132 due in 2 years at 5% simple interest per annum