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Discussion :: Banker's Discount

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

  2. A.

    Rs. 480

    B.

    Rs. 520

    C.

    Rs. 600

    D.

    Rs. 960

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    Answer : Option C

    Explanation :

    T.D. = [B.G100ratetime]= Rs. [24100102] 

         

            = Rs .120

     

     P.W. = 100T.DRateTime = Rs. [100120102] 

     

                 =Rs. 600

     


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