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What are the differences between a simple interest note and a simple discount note? which type of note would have a higher effective rate of interest? why?

What are the differences between a simple interest note and a simple discount note? which type of note would have a higher effective rate of interest? why?
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what are the differences between a simple interest note and a simple discount note? which type of note would have a higher effective rate of interest? why?

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User Shufler
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1 Answer

4 votes
A discounted note pays interest up front, so its effective rate will be higher than a simple interest note with the same rate
answered
User Paw Baltzersen
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