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

1.

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

[A].	Rs. 20
[B].	Rs. 24
[C].	Rs. 16
[D].	Rs. 12

Answer: Option C

Explanation:

B.G. =	(T.D.)²	= Rs.		160 x 160		= Rs. 16.
	P.W.			1600

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