The true discount on a bill of Rs. 2460 is Rs. 360. What is the banker's discount?
Choose the correct choice from the following:  A) Rs. 432  B) Rs. 422  C) Rs. 412  D) Rs. 442  E) None of these
Explanation :   F = Rs. 2460   TD = Rs. 360   PW = F - TD = 2460 - 360 = Rs. 2100   True Discount is the Simple Interest on the present value for unexpired time   =&gt;Simple Interest on Rs. 2100 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. 2460 for unexpired time   =360/2100 × 2460 = 0.17 × 2460 = Rs. 422 Answer : Option Rs. 422
<result>B</result>
The true discount on a bill of Rs. 2460 is Rs. 360. What is the banker's discount?