The banker's gain of a certain sum due 2 years hence at 10% per annum is Rs. 24. The present worth is:

1.

The banker's gain of a certain sum due 2 years hence at 10% per annum is Rs. 24. The present worth is:

[A].	Rs. 480
[B].	Rs. 520
[C].	Rs. 600
[D].	Rs. 960

Answer: Option C

Explanation:

T.D. =		B.G. x 100		= Rs.		24 x 100		= Rs. 120.
		Rate x Time				10 x 2

P.W. =	100 x T.D.	= Rs.		100 x 120		= Rs. 600.
	Rate x Time			10 x 2

Leave a Comment

Aptitude :: Banker's Discount : More Exercises

Banker's Discount - General Questions