Question

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

Answer 1

T.D. = B.G. x 100/ Rate x Time = Rs.24 x 100/ 10 x 2
= Rs. 120
P.W. = 100 x T.D./ Rate x Time
= Rs.100 x 120 / 10 x 2
= Rs. 600.
hope this will help