Bank Discount

Farahin borrows RM 1oooo for three months from a lender who charges a discount rate of 20%... find the discount and the proceeds.

S=RM10000
D=20%
T=0.25 years

DISCOUNT=SDT
D=RM10000(0.2)(0.25)
=RM500

PROCEEDS=S-D
=RM10000-RM500
=RM9500

there are example for bank discount

During Hari Raya season shirt,shoes,jeans and etc have trade discount... Shirt maybe at 10%,20% and 30% discount.. many people will buy because they very need to make their self beautiful during Hari Raya...