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

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time (t)= 2 years

rate of interest (r%) = 10% p.a

S.I = Rs. 24

Principal (P) = ?

Amount ( A) = P+S.I

P = (S.I×100)/t×r

⇒ P = 2400/20

⇒

Hence, the Principal is

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