The present worth of a certain due sometime hence is Rs.

Home » Aptitude » Banker's Discount » Question

The present worth of a certain due sometime hence is Rs. 1600 and the true discount is Rs. 160. The banker's gain is ?

1. Rs. 10
2. Rs. 16
3. Rs. 20
4. Rs. 24

Correct Option: B

B.G. = (T.D.)² / P.W.
= Rs. (160 x 160) / 1600
= Rs. 16