The present worth of a certain sum due sometime hence is Rs. 1600 and the true discount is Rs. 160. Then banker’s gain is: Answers:
A) 16  B) 18  C) 20  D) 21  E) None
Sol.   B.G. = (T.D.)² / P.W. = Rs.[160 * 160 / 1600] = Rs. 16.   16nswer 16
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The present worth of a certain sum due sometime hence is Rs. 1600 and the true discount is Rs. 160. Then banker’s gain is: