The certain worth of a certain sum due sometime hence is Rs. 1600 and the true d

Question

The certain worth of a certain sum due sometime hence is Rs. 1600 and the true discount is Rs. 160. The bankers gain is:

Options:

A . Rs. 20

B . Rs. 24

C . Rs. 16

D . Rs. 12

Answer: Option C

B.G. = \(\frac{(T.D.)}{P.W.}^{2} = Rs. \left(\frac{160\times160}{1600}\right) = Rs. 16.\)

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