The banker’s gain of a certain sum due 2 years hence at

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

Here , Banker's Gain = Rs. 24 , Time = 2 years and Rate = 10%
According to question ,

True Discount =	Banker's Gain × 100
	Time x Rate

True Discount =	24 × 100	= Rs. 120
	2 x 10

True Discount =	PW x Time x Rate
	100

120 =	PW x 2 x 10
	100

⇒ 1200 = Present Worth x 2

Present Worth =	1200	= Rs. 600
	2

Hence , the present worth is Rs. 600 .