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exis [7]
3 years ago
11

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

Mathematics
1 answer:
AlekseyPX3 years ago
7 0

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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