The banker's discount on a bill due 4 months hence at 15% is $6.20. The true discount is:
Pick one: A) $5.90 B) $6.80 C) $6.60 D) $6.70 E) $6.10
T.D.	=	B.D. x 100/100 + (R x T)   = $ [6.20 x 100/100 +15 x 1/3]   = $	[6.20 x 100/105]   = $ 5.90   $5.90NSWER:$5.90
<result>A</result>
The banker's discount on a bill due 4 months hence at 15% is $6.20. The true discount is: