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What is the present worth of Rs. 132 due in 2 years at 5% simple interest per annum?
- ARs. 112
- BRs. 118.80
- CRs. 120
- DRs. 122
Correct answer: C
Discussion 1
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CCommunity
Rs. 120
Let the present worth be Rs. x. Then,
S.I. = (132 - x)
(x * 5 * 2) / 100 = (132 - x)
10x = 13200 - 100x
110x = 13200 => x = 120.
Let the present worth be Rs. x. Then,
S.I. = (132 - x)
(x * 5 * 2) / 100 = (132 - x)
10x = 13200 - 100x
110x = 13200 => x = 120.