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Discussion

The banker’s gain of a certain sum due 2 years hence at 5% per annum is Rs. 80. The present worth is ?

  • A.Rs. 800
  • B.Rs. 1600
  • C.Rs. 1200
  • D.Rs. 880

Answer: A

T.D. = (B.G. * 100) / (Rate * Time)
= Rs. (80 * 100) / (5 * 2)
= Rs. 800

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