The banker’s gain of a certain sum due 3 years hence at 10% per annum is Rs. 27. The present worth is:
Answer: C
T = 3 years
R = 10%
TD = BG * 100/TR = 27*100/3*10 = 9*10 = Rs. 90
TD = PW * TR/100
=> 90 = PW *3*10/100
=> 900 = PW *3
PW = 900/3 = Rs. 300