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In a discount basis loan, interest is "paid" at the time the loan is made by deducting the interest amount from the loan amount. True False

In a discount basis loan, interest is "paid" at the time the loan is made by deducting the interest amount from the loan amount. True False
asked 12.6k views
5 votes
In a discount basis loan, interest is "paid" at the time the loan is made by deducting the interest amount from the loan amount.

True
False

asked
User Anuresh Verma
by
7.5k points

2 Answers

4 votes

Answer:

The answer is true

Explanation:

answered
User Dbush
by
7.8k points
3 votes
True, because everybody at the store pays interest.
answered
User Raphael Tarita
by
8.2k points
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