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Bankers Discount - General Aptitude

Q1:

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

A Rs. 480

B Rs. 520

C Rs. 600

D Rs. 960

ANS:C - Rs. 600

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