The difference between face value and present worth is called ______. - Mathematics and Statistics

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MCQ
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The difference between face value and present worth is called ______.

Options

  • Banker’s discount

  • True discount

  • Banker’s gain

  • Cash value

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Solution

The difference between face value and present worth is called true discount.

Concept: Discount
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Chapter 1: Commission, Brokerage and Discount - Miscellaneous Exercise 1 [Page 12]

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