Question

difference between true discount and bankers discount in point​

Answer 1

Step-by-step explanation:

True Discount: The difference between the amount due and the present value or worth of the amount is called the true discount. ... Banker's Discount: It is the simple interest on the face value or amount due for the period from the date on which the bill was discounted till the legally due date or for the unexpired time.

Answer 2

Answer:

True Discount: The difference between the amount due and the present value or worth of the amount is called the true discount. ... Banker's Discount: It is the simple interest on the face value or amount due for the period from the date on which the bill was discounted till the legally due date or for the unexpired time.

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