What is the present worth of Rs. 122 due in 2 years at 5% simple interest per annum?	Choose the correct option
A) Rs.154.32	B) Rs.121.42	C) Rs. 112	D) Rs.110.99	E) Rs.120.99
Let the present worth be Rs. x. Then,   S.I. = (122 - x)   (x * 5 * 2) / 100 = (122 - x)   10x = 12200 - 100x   110x = 12200 =&gt; x = 110.99   ANSWER:Rs.110.99
<result>D</result>
What is the present worth of Rs. 122 due in 2 years at 5% simple interest per annum?