The present worth of ₹ 920 due at the end of 3 years

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The present worth of ₹ 920 due at the end of 3 years at 5 % simple interest per annum is :

1. ₹780
2. ₹850
3. ₹800
4. ₹810
5. None of these

Correct Option: C

Given :- Amount = ₹ 920 , Rate = 5% and Time = 3 years

Present Worth =	Amount × 100	= ₹	920 × 100	= ₹	920 × 100	= ₹ 800
	100 + ( Rate × Time )		100 + ( 3 × 5 )		115