The present worth of a sum due sometime hence is Rs. 576 and the bankers gain is

Question

The present worth of a sum due sometime hence is Rs. 576 and the bankers gain is Rs. 16. The true discount is:

Options:

A . Rs. 36

B . Rs. 72

C . Rs. 48

D . Rs. 96

Answer: Option D

T.D. = P.W. x B.G. = 576 x 16 = 96.

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