The true discount on a bill of Rs. 2360 is Rs. 360. What is the banker's discount? Choose the most appropriate option
A) rs . 432  B) rs . 425  C) rs . 412  D) rs . 442  E) none of these

Rationale: "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 = > 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 b"
Answer: B