The present worth of Rs.338 due in 2 years at 4% per annum compound interest is Choose the correct option:
A) rs . 312.5
B) rs . 154.75
C) rs . 156.25
D) rs . 158
E) none

Rationale: "solution present worth = rs . [ 338 / ( 1 + 4 / 100 ) ² ] = rs . ( 338 x 25 / 26 x 25 / 26 ) = rs . 312.5 answer a"
Answer: A