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Choose the correct option.
The banker's gain of a certain sum due 2 years hence at 10% per annum is Rs. 24. The present worth is:
ARs. 480
BRs. 520
CRs. 600
DRs. 960
Answer: Option (Login/Signup)
Show Explanation
= Rs.(24*100)/(10*2)
= Rs. 120
So, present worth P.W= (100*T.D)/(R*T)
= Rs. (100*120)/(10*2)
= Rs. 600
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STEP-BY-STEP
T.D= (B.G*100)/(R*T)
= Rs.(24*100)/(10*2)
= Rs. 120
So, present worth P.W= (100*T.D)/(R*T)
= Rs. (100*120)/(10*2)
= Rs. 600
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