The difference between face value and present worth is called _____.
Q.4 (A) (i) The difference between face value and present worth is called _____.
A. Banker's discount
B. True discount
C. Banker's gain
D. Cash value
1 answer
Best answer
Answer: B. True discount
Answer: (b) True discount
True discount = Face value \(-\) Present worth, i.e. the interest on the present worth for the unexpired period.
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· 28 Oct 2026
AI-verified · Oct 2026
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