riddler1013 riddler1013

13-08-2017
Mathematics

contestada

what are the differences between a simple interest note and a simple discount note

Respuesta :

Аноним Аноним

19-07-2019

Answer:

Simple discount notes involve:

proceeds

discount rate

time

bank discount

face value

The main difference is that simple interest is calculated based on principal, whereas simple discount is calculated based on maturity value.

I hope this helps! :)

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