11. 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
Answer: Option C
Explanation:
T.D. =
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B.G. x 100
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= Rs.
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24 x 100
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= Rs. 120.
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Rate x Time
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10 x 2
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P.W. =
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100 x T.D.
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= Rs.
|
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100 x 120
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= Rs. 600.
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Rate x Time
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10 x 2
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