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Meaning of simple discount

Updated: 4/28/2022
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15y ago

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It is discount given by the seller.

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15y ago
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Q: Meaning of simple discount
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What is the meaning of simple discount?

Simple discount is the amount of money a bank is willing to lose or convey to a customer to get their business. Excellent customers of a bank, for example, might be given a discount of a rate of interest that is equal to the prime rate.


What is the difference of simple interest and simple discount?

Simple interest refers to interest that is only paid on principal. Simple discount refers to the amount that is deducted from the amount of the loan.


What is simple discount?

A simple discount is taking a percentage off of the price of the item. This is done often in retail stores.


What word has virtually the same meaning as the word markdown?

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What is difference between bankers discount and true discount?

The Banker's Gain (BG) is the difference between a banker's discount and a true discount. It is a deduction with simple interest.


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What simple interest rate is equivalent to the simple discount rate 6.5 in discounting an amount in 6 months?

.5


What is the root word for discount?

The root word for discount is "count," which comes from the Latin word "computare" meaning "to count."


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What is the meaning of the french word rabais?

un rabais is a rebate, a discount in French.


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