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

asked Sep 17, 2019 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

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4 votes

Answer:

The answer is true

Explanation:

Dbush answered Sep 19, 2019

by Dbush

7.8k points

3 votes

True, because everybody at the store pays interest.

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