The present worth of Rs.338 due in 2 years at 4% per annum compound interest is
Choose the correct choice from the following answers:
A) Rs.312.5
B) Rs.154.75
C) Rs.156.25
D) Rs.158
E) None
Solution   Present Worth	= Rs.[338/(1+4/100)²]   = Rs.(338x25/26x25/26)   = Rs.312.5   Rs.312.5nswer Rs.312.5
<result>A</result>
The present worth of Rs.338 due in 2 years at 4% per annum compound interest is