What is the present worth of Rs. 165 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) 150  E) None of these
Explanation:   Let the present worth be Rs.x   Then,S.I.= Rs.(165 - x)   = (x*5*2/100) = 165 - x   = 10x = 16500 - 100x   = 110x = 16500   x= 150   Answer: 150
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What is the present worth of Rs. 165 due in 2 years at 5% simple interest per annum