The true discount on a bill of Rs. 2260 is Rs. 360. What is the banker's discount?	Choices
A) Rs. 428	B) Rs. 422	C) Rs. 412	D) Rs. 442	E) None of these
Explanation :   F = Rs. 2260   TD = Rs. 360   PW = F - TD = 2260 - 360 = Rs. 1900   True Discount is the Simple Interest on the present value for unexpired time   =&gt;Simple Interest on Rs. 1900 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. 2260 for unexpired time   =360/1900 × 2260 = 0.19 × 2260 = Rs. 428 Rs. 428nswer : Option Rs. 428
<result>A</result>
The true discount on a bill of Rs. 2260 is Rs. 360. What is the banker's discount?