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Examveda

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

A. Rs. 480

B. Rs. 520

C. Rs. 600

D. Rs. 960

Answer: Option C

Solution(By Examveda Team)

$$\eqalign{ & T.D. = {\frac{{B.G. \times 100}}{{Rate \times Time}}} \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\, = Rs.\,\left( {\frac{{24 \times 100}}{{10 \times 2}}} \right) \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\, = Rs.\,120 \cr & \therefore P.W. = \frac{{100 \times T.D.}}{{Rate \times Time}} \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = Rs.\,\left( {\frac{{100 \times 120}}{{10 \times 2}}} \right) \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = Rs.\,600 \cr} $$

This Question Belongs to Arithmetic Ability >> Bankers Discount

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