The banker's gain of a sum due 8 yr. hence at 24% per annum, is ₹ 144. Find the present worth of that bill?

₹ 39.06
₹ 45
₹ 38.06
₹ 50

Correct Answer: ₹ 39.06

Explanation:

Given that BG = ₹ 144 , R = 24%
T = 8 yr and PW = ?
According to the formula,
PW = BG x [100/(R x T)]²
= 144 x [100/(24 x 8)]²
= 144 x (100/192) x (100/192)
= ₹ 39.06

← Previous Question Next Question→

More Questions from Banker's Discount

If the banker's discount and banker's gain on a certain bill, are ₹ 196 and ₹ 28, respectively. Find the amount of bill .
The present worth of a sum due sometimes hence is Rs. 576 and the banker's gain is Re. 1. The true discount is?
The banker's gain on a bill due 1 year hence at 5% is Re. 1. The true discount is?
Find the banker's discount on a bill due 3 years hence at 5% being given that the banker's gain is Rs. 90?
The banker's gain on a bill due 2 years hence at 5% is Rs. 8, find the present worth of the bill?
The true discount on a bill for Rs. 2520 due 6 months hence at 10 % per annum is :
The true discount on a bill of Rs. 2160 is Rs. 360. What is the banker's discount?
The true discount on a certain sum due 6 months hence at 15 % is Rs. 240. What is the banker's discount on the same sum for the same time at the same rate?
The banker's discount on a bill due 4 months hence at 15 % is Rs. 420. What is the true discount?
The present worth (PW) of a sum due sometimes hence is Rs. 5760 and the banker's gain is Rs. 10. What is the true discount?

Discussion & Comments

No comments yet. Be the first to comment!

Join Discussion