The true discount on a bill of Rs. 2660 is Rs. 360. What is the banker's discount?  Choose the correct choice.
A) Rs. 432	B) Rs. 422	C) Rs. 416	D) Rs. 442	E) None of these
Explanation :   F = Rs. 2660   TD = Rs. 360   PW = F - TD = 2660 - 360 = Rs. 2300   True Discount is the Simple Interest on the present value for unexpired time   =&gt;Simple Interest on Rs. 2300 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. 2160 for unexpired time   =360/2300 × 2660 = 0.16 × 2660 = Rs. 416 Answer : Option Rs. 416
<result>C</result>
The true discount on a bill of Rs. 2660 is Rs. 360. What is the banker's discount?