Simple Interest Questions and Answers

• 22. What is the present worth of Rs. 132 due in 2 years at 5% simple interest per annum

  1. 110
  2. 120
  3. 130
  4. 140

  Answer :

  Option B

  Explanation:

  Let the present worth be Rs.x
  Then,S.I.= Rs.(132 - x)
  
  =› (x*5*2/100) = 132 - x
  
  =› 10x = 13200 - 100x
  
  =› 110x = 13200
  
  x= 120