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Q: The banker’s gain of a certain sum due 2 yrs 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 and Explanation

Answer:Rs 600

Explanation:
TD = (BG * 100) / (Rate *time) = Rs (24 * 100)/ (10 * 2) = Rs 120
PW = (100 * TD) / (Rate * Time) = Rs (100 * 120 ) / (10 * 2) = Rs 600

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