The true discount on a bill of Rs. 2160 is Rs. 360. What

Home » Aptitude » Banker's Discount » Question

The true discount on a bill of Rs. 2160 is Rs. 360. What is the banker’s discount?

1. Rs. 432
2. Rs. 422
3. Rs. 412
4. Rs. 442

Correct Option: A

True Discount is the Simple Interest on the present value for unexpired time
⇒ Simple Interest on Rs. 1800 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	× 2160
	1800

=	1	× 2160 = Rs. 432
	5