The present worth of Rs. 1404 due in two equal half-yearly installments at 8% per annum simple interest is : Options:
A) rs . 1325 B) rs . 1300 C) rs . 1350 D) rs . 1500 E) rs . 1600

Rationale: "time = 1 / 2 yr r = 8 % let pw = x si = 1404 - x x * 1 / 2 * 8 / 100 = 1404 - x . ( ref problm 10 of si , rs aggarwal ) x = 1404 * 25 / 26 hence x = 1350 answer : c"
Answer: C