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