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The certain worth of a certain sum due sometime hence is Rs. 1600 and the true discount is Rs. 160. The banker's gain is:

A. Rs. 20

B. Rs. 24

C. Rs. 16

D. Rs. 12

Answer: Option C

Solution (By Examveda Team)

$$\eqalign{ & B.G. = \frac{{{{\left( {T.D.} \right)}^2}}}{{P.W.}} \cr & = Rs.\,\left( {\frac{{160 \times 160}}{{1600}}} \right) \cr & = Rs.\,16 \cr} $$

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The certain worth of a certain sum due sometime hence is...

The certain worth of a certain sum due sometime hence is Rs. 1600 and the true discount is Rs. 160. The banker's gain is:

Solution (By Examveda Team)

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