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

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Question:
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