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) 108
B) 120
C) 102
D) 106
E) 105
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 = Rs. 108   =&gt; Bankers Discount = Rs. 108   108nswer: Option 108
<result>A</result>
What is the banker's discount if the true discount on a bill of Rs.540 is Rs.90 ?