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Bank discount note examples

Try these examples Write the number of months as the numerator of a fraction. Find the Bank Discount and Proceeds for a Simple Discount Note. Answer to: A simple discount note for $, at an ordinary bank, has a discount rate of % for 60 days. What is the effective interest rate?. EXAMPLEA bank discounts RM4, note due in 6 months using a bank discount rate 12%. Find the equivalent simple interest rate that is charged by the‚Äč.

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4 thoughts on “Bank discount note examples

  1. Mohd Arhan

    WeMakeScholars,@Karan Parashar If you did not pay interest during the moratorium period

  2. Naresh Dasa

    app ne manually pura bill (58000) pay kar diya hai.so no tention.Jo auto debit se 8892 kAta tha wo hi unbilled may show kar raha hai?

  3. Suraj Vartha

    Please explain about Rupay Select Debit/ Credit Cards

  4. arman sk

    it is very sexy ,but more like greatfood sexyness.

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