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Maths Puzzle
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
Read Solution (Total 2)
-
- Banker Gian = 24 Rs
Duration Time = 2 years
Discount rate = 10%
Present worth = ?
Solution is
True Discount (T.D) = (banker gain * 100)/ (rate* time) = 120RS
Present Worth (P.W) = (100 * True Discount) / (rate* time)
= (100*120)/ (10*2) = 600 Rs
- 10 years agoHelpfull: Yes(2) No(0)
- Let the present Worth be x
annual gain is 24, then its 24x
therefore, 24Xx/10X2 =48/10x
:. x=480rs.
- 8 years agoHelpfull: Yes(0) No(0)
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