The Banker Gain on a certain sum 4 years hence at 5% is Rs. 200. What is the present worth?
A. Rs. 4500
B. Rs. 6000
C. Rs. 5000
D. Rs. 4000
Answer: Option C
Solution(By Examveda Team)
T = 4 yearsR = 5%
Banker's Gain, BG = Rs. 200
$$\eqalign{ & TD = \frac{{BG \times 100}}{{TR}} \cr & \,\,\,\,\,\,\,\,\,\, = \frac{{200 \times 100}}{{4 \times 5}} \cr & \,\,\,\,\,\,\,\,\,\, = {\text{Rs}}{\text{.}}\,1000 \cr & \cr & TD = \sqrt {PW \times BG} \cr & 1000 = \sqrt {PW \times 200} \cr & 1000000 = PW \times 200 \cr & PW = \frac{{1000000}}{{200}} \cr & \,\,\,\,\,\,\,\,\,\,\,\, = {\text{Rs}}{\text{. }}5000 \cr} $$
Related Questions on Bankers Discount
The banker's discount on a bill due 4 months hence at 15% is Rs. 420. The true discount is:
A. Rs. 400
B. Rs. 360
C. Rs. 480
D. Rs. 320
A. 3 months
B. 4 months
C. 6 months
D. 8 months
A. Rs. 480
B. Rs. 520
C. Rs. 600
D. Rs. 960
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