Discussion
The present worth of Rs. 1320 due 2 years hence at 10% per annum is:
Answer: B
Correct answer: Rs. 1100
\[PW = \frac{A \times 100}{100 + RT} = \frac{1320 \times 100}{100 + 20} = \frac{132000}{120} = 1100\]
Checking: the simple interest on Rs. 1100 for 2 years at 10% is Rs. 220, and \(1100 + 220 = 1320\).
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