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

Rs. 800
Rs. 1600
Rs. 1200
Rs. 880

Correct Answer: Rs. 800

Explanation:

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

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