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The banker's gain of a certain sum due 2 years hence at 10% per annum is Rs. 24. The present worth is:

Rs. 480
Rs. 520
Rs. 600
Rs. 960

Correct Answer: Rs. 600

Explanation:

T.D. =	❨	B.G. x 100	❩	= Rs.	❨	24 x 100	❩	= Rs. 120.
		Rate x Time				10 x 2

∴ P.W. =	100 x T.D.	= Rs.	❨	100 x 120	❩	= Rs. 600.
	Rate x Time			10 x 2

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