What is the present worth of Rs. 132 due in 2 years at 5% simple interest per annum?
Select:
A) 277
B) 278
C) 120
D) 276
E) 298
Let the present worth be Rs. x. Then,   S.I. = (132 - x)   (x * 5 * 2) / 100 = (132 - x)   10x = 13200 - 100x   110x = 13200 =&gt; x = 120.   Answer:120
<result>C</result>
What is the present worth of Rs. 132 due in 2 years at 5% simple interest per annum?