What is the present worth of Rs. 132 due in 2 years at 5% simple interest per annum  Pick: A) 110 B) 120 C) 130 D) 140 E) 150
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   Option 120
<result>B</result>
What is the present worth of Rs. 132 due in 2 years at 5% simple interest per annum