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The banker's gain of a certain sum due 3 years hence at 10% per annum is Rs. 36. What is the present worth ?
- a)Rs. 400
- b)Rs. 300
- c)Rs. 350
- d)Rs. 500
Correct answer is option 'A'. Can you explain this answer?
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Verified Answer
The bankers gain of a certain sum due 3 years hence at 10% per annum i...
T = 3year
R = 10%
TD = (BG × 100)/TR
= (36 × 100)/(3 × 10)
= 12 × 10
= Rs.120
TD = (PW × TR)/100
⇒ 120 = (PW × 3 × 10)/100
⇒ 1200 = PW × 3
PW = 1200/3
= Rs.400
R = 10%
TD = (BG × 100)/TR
= (36 × 100)/(3 × 10)
= 12 × 10
= Rs.120
TD = (PW × TR)/100
⇒ 120 = (PW × 3 × 10)/100
⇒ 1200 = PW × 3
PW = 1200/3
= Rs.400
Most Upvoted Answer
The bankers gain of a certain sum due 3 years hence at 10% per annum i...
T = 3year
R = 10%
TD = (BG × 100)/TR
= (36 × 100)/(3 × 10)
= 12 × 10
= Rs.120
TD = (PW × TR)/100
⇒ 120 = (PW × 3 × 10)/100
⇒ 1200 = PW × 3
PW = 1200/3
= Rs.400
R = 10%
TD = (BG × 100)/TR
= (36 × 100)/(3 × 10)
= 12 × 10
= Rs.120
TD = (PW × TR)/100
⇒ 120 = (PW × 3 × 10)/100
⇒ 1200 = PW × 3
PW = 1200/3
= Rs.400
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The bankers gain of a certain sum due 3 years hence at 10% per annum is Rs. 36. What is the present worth ?a)Rs. 400b)Rs. 300c)Rs. 350d)Rs. 500Correct answer is option 'A'. Can you explain this answer?
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