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The B.G. on a certain sum 4 years hence at 5% is Rs. 200. What is the present worth?

Rs. 4500
Rs. 6000
Rs. 5000
Rs. 4000

Correct Answer: Rs. 5000

Explanation:

T = 4 years
R = 5%
Banker's Gain, BG = Rs.200

$T D = \frac{B G \times 100}{T R} = \frac{200 \times 100}{4 \times 5} = R s . 1000$

$T D = P W \times B G$

$\Rightarrow 1000 = P W \times 200$

=>PW = Rs.5000

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