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What is interest rate charged by bank at a rate of 10 percent in discounting 120 note?
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What is the meaning of cheque discounting?
Cheque Discounting is providing a post dated cheque to a bank by its customer which amounts to the short term loan taken from the bank and the interest charged by the bank.
What is bank account interest?
interest charged to bank accounts
What is discounting bill exchange?
It means when holder of a bill needs money he can take the bill to bank where the bank will discount it and chargesome interest on that
What is the interest rate on a Orchard Bank credit card?
The interest on an Orchard Bank card really depends on what kind of card being looked to get. It can go from zero percent to thirty five percent rates.
When you borrow money from a bank the money charged to you for the loan is called?
It is called "Interest" (I'm not sure if this is right)
What is the meaning of cheque discounting?
Cheque Discounting is providing a post dated cheque to a bank by its customer which amounts to the short term loan taken from the bank and the interest charged by the bank.
What is bank account interest?
interest charged to bank accounts
What is Discounting bill of exchange?
It means when holder of a bill needs money he can take the bill to bank where the bank will discount it and chargesome interest on that
What is discounting bill exchange?
It means when holder of a bill needs money he can take the bill to bank where the bank will discount it and chargesome interest on that
What is a bank discount?
A bank discount is a sum equal to the interest at a given rate on the principal of a bill or note from the time of discounting until it becomes due.
Whats the formula for Contingent liabilities as a percent of Net Assets?
contingent liability =Bank Guarantee+other bank Guarantee+bill discounting+Letter of credit
Most of the bank income comes from charged on loans?
interest
Does U.S. Bank offer the lowest interest credit cards?
Usually a bank that has Zero percent interest only has it for a certain period of time. You can not go any lower than zero percent interest.
Why do you discount a bill with a bank before it mature?
since the bill of exchange is a negotiable instrument, the holder of a bill can sell it to a bank, whenever should be stand in need of money before its due date. This is called discounting the bill. The discounting charge made by the bank is the interest on the amount of the bill for the unexpired period of the bill. Such charge is known as banker's discount. It is calculated at a certain rate of interest per Annam on the amount of the bill for the unexpired period.
How much would you repay the bank if you borrowed 7900 at 4.3 percent annual interest for 6 years?
9,938.20 * * * * * That would be correct only if banks charged simple interest as opposed to compound interest. Anyone believe that likely? The correct answer, when interest is compounded, is 7900*(1.043)6 = 10170.28
Is 10 percent per month interest in lending in the Philippines legal?
10 percent interest per month any bank name
What is the current bank interest rate for new automobiles?
.:13:. percent
