Discussion :: Banker's Discount
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The banker's gain of a certain sum due 2 years hence at 10% per annum is Rs. 24. The present worth is:
Answer : Option C
Explanation :
T.D. = [B.G∗100rate∗time]= Rs. [24∗10010∗2]
= Rs .120
P.W. = 100∗T.DRate∗Time = Rs. [100∗12010∗2]
=Rs. 600
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