LeArNed NeW tHiNgS -> bAnK diScOuNt

ToDaY .. Im ReAliSed AbOUt We AcTuAllY BeeN cHeAtED bEcAuSE oF bAnK dIsCOuNt..
DiD u All KnOwN??
AbOuT sImPlE inTerEst AnD BaNk DisCoUnT???
aCtUaLLy.. tHe VaLuE iTs lIKe SAmE bUt... TruLy vAlUe BeTwEEn sImplE iNtEReST aNd BaNk DiScOuNT vEry DiFfEreNcES wHeN we PaId iT aFtER we BoRRoWed..

FoR exAmPlE WE cAn SEE:
When we want to borrows RM 1000 with a bank.. rate charged 4%
with simple interest we get RM 1000 must paid RM 1010..

But???

When we want to borrows RM 1000 with a bank.. rate charged???
with bank discount we get RM 990 with a bank.. must paid RM 1000
will said same percent..
But.. now calculated it.

I=Prt
10=990 r(3/12)
r= 4.04%
r= the rate charged percent .

Now we can see right???
Think about it,,
ok..