The present worth of Rs.1014 due in 2 years at 4% per annum compound interest is Choose the correct choice from the following answers: A) rs . 150.50 B) rs . 937.5 C) rs . 156.25 D) rs . 158 E) none

Rationale: "solution present worth = rs . [ 1014 / ( 1 + 4 / 100 ) ² ] = rs . ( 1014 x 25 / 26 x 25 / 26 ) = rs . 937.5 answer b"
Answer: B