Question: What is the present value of a bill of Rs. 10000 due in 1 year at a Banker\'s Discount of Rs. 800?

Options:

1. Rs. 9200
2. Rs. 10000
3. Rs. 8000
4. Rs. 8400

Correct Answer: Rs. 9200

Solution:

Present Value = Face Value - Banker\'s Discount = 10000 - 800 = Rs. 9200