The banker's discount on a bill due 4 months hence at 15% is Rs. 420. The true discount is: Choose the correct choice from the following answers.
A) 400 B) 360 C) 480 D) 320 E) 380
T.D.	=	B.D. x 100 / 100 + (R x T)   = Rs.(420 x 100	/ 100 + (15 x 1/3))   = Rs. (420 x 100 / 105)   = Rs. 400.   Correct 400nswer is 400.
<result>A</result>
The banker's discount on a bill due 4 months hence at 15% is Rs. 420. The true discount is: