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In a discount basis loan, interest is "pald" 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 "pald" at the time the loan is made by deducting the Interest amount from the loan amount. “True False”
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3 votes
In a discount basis loan, interest is "pald" at the time the loan is made by deducting the Interest amount from the loan

amount.
“True
False”

asked
User Wesley Tansey
by
8.5k points

1 Answer

10 votes

Answer:

true

hope that helps

Explanation:

answered
User Spizzak
by
7.7k points
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