The true discount on a bill of Rs. 2360 is Rs. 360. What is the banker's discount?
Choose the correct answer
A) Rs. 432
B) Rs. 425
C) Rs. 412
D) Rs. 442
E) None of these
Explanation :   F = Rs. 2360   TD = Rs. 360   PW = F - TD = 2360 - 360 = Rs. 2000   True Discount is the Simple Interest on the present value for unexpired time   =&gt;Simple Interest on Rs. 2000 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. 2360 for unexpired time   =360/2000 × 2360 = 0.18 × 2160 = Rs. 425 Answer : Option Rs. 425
<result>B</result>
The true discount on a bill of Rs. 2360 is Rs. 360. What is the banker's discount?