What is the present worth of a bill of Rs. 1764 due 2 years

What is the present worth of a bill of Rs. 1764 due 2 years hence at 5% compound interest is:

As per the given question ,
Amount = Rs. 1764 , Time = 2 years and Rate =
we know that ,

Amount = PW 1 +	R		²
	100

1764 = PW 1 +	5		²
	100

1764 = PW 1 +	1		²
	20

1764 = PW	21		²
	20

1764 = PW x	441
	400

PW =	1764 x 400
PW =	441

∴ Present worth = 4 x 400 = Rs. 1600