What is the present worth of Rs. 264 due in 2 years at 5% simple interest per annum?  Answers.
A) 128
B) 277
C) 120
D) 240
E) 171
Let the present worth be Rs. x. Then,   S.I. = (264 - x)   (x * 5 * 2) / 100 = (264 - x)   10x = 26400 - 100x   110x = 26400 =&gt; x = 240.   Answer: 240
<result>D</result>
What is the present worth of Rs. 264 due in 2 years at 5% simple interest per annum?