Question: explain the difference between a $5000 loan at 8% simple interest and a $5000 simple discount note at 8% interest, or clarify why there is
explain the difference between a $5000 loan at 8% simple interest and a $5000 simple discount note at 8% interest, or clarify why there is no difference.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
