Banker's Discount - Arithmetic Aptitude Questions and Answers

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

Rs. 480

Rs. 520

Rs. 600

Rs. 960

Answer : Option C

Explanation :

T.D. = \( [\frac { B.G * 100 } {rate *time } ]\)= Rs. \( [\frac {24 *100 } {10*2 }]\)

= Rs .120

P.W. = \(\frac { 100 *T.D } { Rate * Time } \) = Rs. \( [\frac {100 *120 } {10*2 }]\)