1)

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

A) Rs. 122

B) Rs. 112

C) Rs. 118.80

D) Rs. 120

E) Rs. 139.80

$SI$ $=\frac{P\times N\times R}{100}$ $=\frac{(132\times 5\times 2)}{100}$ $=13.2$
Present worth $=132-13.2$ = Rs. 118.80