Which of the Following Is a True Statement Regarding Interest

question 1

Multiple Choice

Which of the following is a true statement regarding interest calculation methods?

• A)Interest is calculated on either a straight-basis or a delayed-basis.
• B)Interest is calculated on either a straight-basis or an undiscounted-basis.
• C)If a borrower receives a loan on a discount-basis, the APR will be less than the simple interest.
• D)If a borrower receives a loan on a discount-basis, the APR will be more than the simple interest rate.

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