The current value of a payment due at some point in the future is Rs. 576, and the banker's profit is Rs. 16. The genuine discount is as follows:
A. Rs. 36
B. Rs. 72
C. Rs. 48
D. Rs. 96
Answer:C
The current value of a payment due at some point in the future is Rs. 576, and the banker's profit is Rs. 16. The genuine discount is as follows:
A. Rs. 36 B. Rs. 72 C. Rs. 48 D. Rs. 96
Explanation: T.D. = root P.W. x B.G. =root 576 x 16 = 96