The banker's gain of a certain sum due 2 years hence at 10% per annum is Rs. 24. What is the present worth?
Options:
A) Rs. 600	B) Rs. 500	C) Rs. 400	D) Rs. 300	E) None of these
Explanation :   T = 2 years   R = 10%   TD = (BG ×100)/TR = (24 × 100)/(2×10) = 12 × 10 = Rs. 120   TD = (PW × TR)/100   ⇒ 120 = (PW × 2 × 10)/100   ⇒ 1200 = PW × 2   PW =1200/2 = Rs. 600 Rs. 600nswer : Option Rs. 600
<result>A</result>
The banker's gain of a certain sum due 2 years hence at 10% per annum is Rs. 24. What is the present worth?