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Find the banker s gain if the present worth of a...

This question belongs to Arithmetic Ability Bankers Discount
Bankers Discount
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Find the banker’s gain, if the present worth of a certain amount is Rs.2400 and the true discount is Rs.120.

Answer & Solution
Correct Answer: Option B
$$\eqalign{ & {\text{Banker's}}\,{\text{Gain}} \cr & = \frac{{{{\left( {T.D.} \right)}^2}}}{{P.W.}} \cr & = \frac{{{{\left( {120} \right)}^2}}}{{2400}} \cr & = \frac{{14400}}{{2400}} \cr & = {\text{Rs}}{\text{.}}\,6 \cr} $$
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Prashant Jaiswal
Prashant Jaiswal 3 years ago
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