what is the difference b/w interest & markup?
Answer Posted / malik a. hafeez
Interest is the cost of borrowed amount. The cost may be paid monthly, semi-annually or annually depending on the terms and conditions agreed however mark-up is the additional amount charged on the cost of a product/service.
Is This Answer Correct ? | 2 Yes | 1 No |
Post New Answer View All Answers
why do u came to EXIM bank?
How YOU prepared for interview?
What do you consider your most significant strengths?
What is the educational qualification required for the entrance exam?
EXPLAIN THE TERMS OF ANY RECENT MERGER WHICH HAD TAKEN PLACE IN INDIA.
What is Cheque Discount?
Why bse has 30 index and NSE has 50 index. Why not BSE has 29 or 31 index and why not NSE has 49 or 51 index. why both has a exact 30 and 50 index.
What is scc?
What is 'mobile banking'?
The authorized capital of nabard in 2013 was raised up to what limit?
What is the difference between Bill of Exchanges and Certificate of Deposit, Cheques, Demand Drafts and other Money Market Instruments?
What are the recent changes that have taken place in the banking sector?
What Is The Difference Between Stocks And Bonds?
What is capitalization and also explain its importance?
Is there any act if a cheque is bounced?