Question:
The present worth of a sum due sometime hence is Rs. 576 and the banker’s gain is Rs. 16. The true discount is:
[A].Rs. 36
Rs. 72
Rs. 48
Rs. 96
The present worth of a sum due sometime hence is Rs. 576 and the banker’s gain is Rs. 16. The true discount is:
[A].
[B].
[C].
[D].
Answer: Option D
Explanation:
T.D. = P.W. x B.G. = 576 x 16 = 96.