Which of the following refers to the amount being deducted from the original price?Question 3AnswerA.RateB.CommissionC.DiscountD.Interest

Interest rate on deposits offered by a Bank is decided by_____

Multiple Choice QuestionThe discount rate is the ______.Multiple choice question.dollar amount reduced by the Fed for banks that meet compliance guidelinespercentage of deposits that banks must hold in reserveinterest rate that the Federal Reserve charges to loan money to member banksamount that bonds are discounted on open market activities

The list price of an article is Rs.65. A customer pays Rs.56.16 for it. He was given two successive discounts, one of them being 10%. The other discount is?

Interest that is paid on both the previously earned interest as well as the original amount deposited is known as which of the following?Simple interestAdjustable rate interestAnnuitiesCompound interest

Select the correct answerThe difference between interest received by A and B is Rs. 36 on Rs. 2400 for 4 year. What is the difference in rate of interest?Options0.38%1.25%0.43%0.25%