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The certain worth of a certain sum due sometime hence is Rs. 1600 and the true discount is Rs. 160. The banker’s gain is:

/ Aptitude, Banker's Discount / By
Question:
The certain worth of a certain sum due sometime hence is Rs. 1600 and the true discount is Rs. 160. The banker’s gain is:

[A].

Rs. 20

[B].

Rs. 24

[C].

Rs. 16

[D].

Rs. 12

Answer: Option C

Explanation:

B.G. = (T.D.)2 = Rs. 160 x 160 = Rs. 16.
P.W. 1600