True Discount is the method of calculation and collection of Interest upfront from the borrower while disbursing the loan at a specific rate of Interest at the same time same rate of interest is considered for calculating interest on interest and transfer the same to customer
Let rate = R% per annum and Time = T years. Then,
4. (S.I.) - (T.D.) = S.I. on T.D.
Subscribe with us to get latest topic update
Choose a Language