#### poornima lagadapati

##### Active member

A. Rs. 400

B. Rs. 360

C. Rs. 480

D. Rs. 320

The banker's discount on Rs. 1600 at 15% per annum is the same as true discount on Rs. 1680 for the same time and at the same rate. The time is:

A. 3 months

B. 4 months

C. 6 months

D. 8 months

The banker's gain of a certain sum due 2 years hence at 10% per annum is Rs. 24. The present worth is:

A. Rs. 480

B. Rs. 520

C. Rs. 600

D. Rs. 960