The banker's gain on a bill due 2 years hence at 5% is Rs.

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The banker's gain on a bill due 2 years hence at 5% is Rs. 8, find the present worth of the bill ?

1. Rs. 800
2. Rs. 650
3. Rs. 750
4. Rs. 850

Correct Option: A

P.W. = [8 x 100 x 100] / [10 x 10]
= Rs. 800