The true discount on a bill of Rs. 2560 is Rs. 360. What is the banker's discount?  Answers:  A) Rs. 432  B) Rs. 422  C) Rs. 419  D) Rs. 442  E) None of these
Explanation :   F = Rs. 2560   TD = Rs. 360   PW = F - TD = 2560 - 360 = Rs. 2200   True Discount is the Simple Interest on the present value for unexpired time   =&gt;Simple Interest on Rs. 2200 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   =360/2200 × 2560 = 0.16 × 2560 = Rs. 419 Answer : Option Rs. 419
<result>C</result>
The true discount on a bill of Rs. 2560 is Rs. 360. What is the banker's discount?