The present worth of a certain sum due sometimes hence is Rs.1600 and the true discount is Rs.160.The banker's gain is  Pick one:	A) Rs.16	B) Rs.24	C) Rs.20	D) Rs.12	E) None
Solution   B.G   Given,T.D = 160, P.w= 1600	= (T.D)² / P.W   = Rs(160 x 160 / 1600)   = Rs.16.   Rs.16nswer Rs.16
<result>A</result>
The present worth of a certain sum due sometimes hence is Rs.1600 and the true discount is Rs.160.The banker's gain is