The true discount on a bill of Rs. 1860 due after 8 months

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The true discount on a bill of Rs. 1860 due after 8 months is Rs. 60. Find the banker's discount ?

1. Rs . 62
2. Rs .52
3. Rs . 60
4. None of these

Correct Option: A

Amount = Rs. 1860.
True discount = Rs. 60
∴ Present worth = Rs. 1860 - Rs. 60 = Rs. 1800
S.I. on Rs. 1800 for 8 months = Rs. 60
∴ Rate = [(100 x 60) / (1800 x 2/3)]% = 5%
∴ Banker's discount = (1860 x 5 x 2/3)/100 = Rs. 62