Question

The difference between the banker's
discount and true discount is called
sum due.​

Answer 1

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

Step-by-step explanation:

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Answer 2

Answer:

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