Register

In a discount basis loan, interest is "paid" at the time the loan is made by deducting the interest amount from the loan amount. True False

In a discount basis loan, interest is "paid" at the time the loan is made by deducting the interest amount from the loan amount. True False
12.6k views
5 votes
In a discount basis loan, interest is "paid" at the time the loan is made by deducting the interest amount from the loan amount.

True
False

User Anuresh Verma
by
7.5k points

2 Answers

4 votes

Answer:

The answer is true

Explanation:

User Dbush
by
7.8k points
3 votes
True, because everybody at the store pays interest.
User Raphael Tarita
by
8.2k points
← Prev Question Next Question →

Related questions

User LeoNerd
asked May 9, 2024 189k views
Cash paid to creditors ra 9000 after deducting 10% discount journal entry
LeoNerd asked May 9, 2024
by LeoNerd
7.5k points
1 answer
1 vote
189k views
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!