1.  What is the present worth of ₹ 132 due in 2 years at 5% simple interest per annum ?
A. ₹ 112
B. ₹ 118.50
C. ₹ 120
D. ₹ 122

Answer: Option C

Explanation:

Let the present worth be ₹ X. Then, S.I. = ₹ (132-X)

∴ ₹ X x 5 x 2
100

= ₹ 132- X

<=> 10X = 13200 - 100X

<=> 110X = 13200

<=> X = 120