What is the banker's discount if the true discount on a bill of Rs.540 is Rs.90 ?
Choose the correct choice from the following answers:
A) Rs. 108  B) Rs. 120  C) Rs. 102  D) Rs. 106  E) None of these
Explanation :   Present Worth, PW = F - TD = 540 - 90 = Rs. 450   Simple Interest on the Present Worth = True Discount   Hence Simple Interest on 450 = 90 ------(Equation 1)   Simple Interest on the face value = Bankers Discount   =&gt; Simple Interest on 540 = Bankers Discount   From Equation 1, Simple Interest on 450 = 90   Hence, Simple Interest on 540 = 90/450×540=540/5 = Rs. 108   =&gt; Bankers Discount = Rs. 108 Rs. 108nswer : Option Rs. 108
<result>A</result>
What is the banker's discount if the true discount on a bill of Rs.540 is Rs.90 ?