The true discount on a bill of Rs. 2160 is Rs. 360. What is the banker's discount? Options.
A) Rs. 432	B) Rs. 422	C) Rs. 412	D) Rs. 442	E) None of these
Explanation :   F = Rs. 2160   TD = Rs. 360   PW = F - TD = 2160 - 360 = Rs. 1800   True Discount is the Simple Interest on the present value for unexpired time   =&gt;Simple Interest on Rs. 1800 for unexpired time = Rs. 360   Banker's Discount is the Simple Interest on the face value of the bill for unexpired time   = Simple Interest on Rs. 2160 for unexpired time   =360/1800 × 2160 = 15 × 2160 = Rs. 432 Rs. 432nswer : Option Rs. 432
<result>A</result>
The true discount on a bill of Rs. 2160 is Rs. 360. What is the banker's discount?