Math, asked by vikrantthorat763, 10 months ago

Difference between true discount and simple interest calculation

Answers

Answered by stargirlA1

Answer:

True discount is a define as when you are promised a given amount of moneyin the future. Since money collectinterest, the actual value of that promise is less than the face value.Simple interest is a quick method ofcalculating the interest charge on a loan.

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