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Banker discount

Economics

Plz can anyone answer it

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Gopal Garg

Gopal Garg

CFA L1

5K+

22-Jul-21 18:02

290

Answers (1)

1. True discount is the difference between amount due and present value of the amount. 2. Banker discount is simple interest on the face value for a time from the date when the bill was discounted and the due date


Yoga Vishnu

Yoga Vishnu

CA Final

11K+

22-Jul-21 18:53

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