CUET Preparation Today
What is the present worth of Rs 132 due in 2 years at 5 % simple interest p.a? |
Rs 112 Rs 120 Rs 122 Rs 119 |
Rs 120 |
Simple interest for 2 years will be 5 + 5 = 10% Therefore, ATQ, Principal × 110% = Rs.132 Principal = \(\frac{ 132}{110}\) × 100 = Rs.120 |
