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Explanation:
F = Rs. 2160
TD = Rs. 360
PW = F – TD = 2160 – 360 = Rs. 1800
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
=(360/1800)* 2160
= (1/5) * 2160
=Rs. 432