The definite value of an amount due at some point in the future is Rs. 1600, and the real discount is Rs. 160. The banker's profit is as follows:
A. Rs.20
B. Rs.24
C. Rs.16
D. Rs.12
Answer:C
The definite value of an amount due at some point in the future is Rs. 1600, and the real discount is Rs. 160. The banker's profit is as follows:
A. Rs.20 B. Rs.24 C. Rs.16 D. Rs.12
Explanation: T.D.)2 = Rs.160 x 160/1600 = Rs. 16. B.G./P.W. = (T.D.)2 = Rs.160 x 160/1600 = Rs. 16.