Question

The banker's gain of a certain sum due 3 years hence at 20% per annum is
Rs. 48. The present worth is:​

Answer 1

Answer:

Time = 3 years

Rate = 20 percent

Principal = ₹48

We have to calculate amount. So first we will calculate Simple Intrest.

SI = P×R×T/100

SI = 48×20×3/100

SI = ₹28.8

A = P+ SI

A = 48 + 28.8

A = ₹76.8