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Earn +20 ptsQ: What is simple discount?
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What is the difference of simple interest and simple discount?
Simple interest refers to interest that is only paid on principal. Simple discount refers to the amount that is deducted from the amount of the loan.
What is difference between bankers discount and true discount?
The Banker's Gain (BG) is the difference between a banker's discount and a true discount. It is a deduction with simple interest.
What simple interest rate is equivalent to the simple discount rate 6.5 in discounting an amount in 6 months?
.5
Provision for discount allowed and discount received?
provision for discount received
30% of off of $60?
You can find the answer to a simple question like this by doing the following60 / 10 = 10% of 6060 / 10 = 6 = 10%6 x 3 = 10% x 36 x 3 = 18 = 30%
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