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The present worth of a certain sum due sometime hence is Rs. 3400 and the true discount is Rs. 340. The banker's gain is:
  • a)
    Rs. 21
  • b)
    Rs. 17
  • c)
    Rs. 18
  • d)
    Rs. 34
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
The present worth of a certain sum due sometime hence is Rs. 3400 and ...
BG = (TD)2/PW
= (340)2/3400
= (340×340)/3400 
= 340/10
= Rs.34
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Most Upvoted Answer
The present worth of a certain sum due sometime hence is Rs. 3400 and ...
BG = (TD)2/PW
= (340)2/3400
= (340×340)/3400 
= 340/10
= Rs.34
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Community Answer
The present worth of a certain sum due sometime hence is Rs. 3400 and ...
D
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The present worth of a certain sum due sometime hence is Rs. 3400 and the true discount is Rs. 340. The bankers gain is:a)Rs. 21b)Rs. 17c)Rs. 18d)Rs. 34Correct answer is option 'D'. Can you explain this answer?
Question Description
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