The banker's discount on a bill due 4 months hence at 15% is Rs.420. The discount is
Choose the correct choice from the following answers:
A) Rs. 400 B) Rs. 360 C) Rs. 480 D) Rs.320 E) None
Solution   T.D	= B.D x 100/ 100+(RxT)   = Rs[420x100/100+(15x1/3)]   = Rs.(420x100 / 105)   = Rs.400.   Rs. 400nswer Rs. 400
<result>A</result>
The banker's discount on a bill due 4 months hence at 15% is Rs.420. The discount is