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
Rs. 520
Rs. 600
Rs. 960
The banker’s gain of a certain sum due 2 years hence at 10% per annum is Rs. 24. The present worth is:
[A].
[B].
[C].
[D].
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 |