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SETSCI - Volume 3 (2018)
ISAS2018-Winter - 2nd International Symposium on Innovative Approaches in Scientific Studies, Samsun, Turkey, Nov 30, 2018

Applicability of Compound External Discount (ISAS2018-Winter_294)
Şaban Yılmaz1*
1Tokat Gaziosmanpaşa University, Tokat, Turkey
* Corresponding author: saban.yilmaz@gop.edu.tr
Published Date: 2019-01-14   |   Page (s): 1541-1543   |    24     6

ABSTRACT Interest, which is known as the rent of money, is one of the most important processes of business
life. Throughout history, interest has maintained its importance. People have made money transactions
with interest since the known date. It has even been instrumental in the emergence of various fights and
even wars. The most common procedure in interest transactions is undoubtedly discount transactions.
Throughout the history, discount transactions were discussed. It has been applied in various ways.
Sometimes they are subjected to regular and sometimes random processes. The discount can be
encountered in a simple case, as well as in the case of compound discount. The compound discount can
be applied in two types: internal discount and compound external discount. The compound internal
discount is available in each book. However, there are negative sentences about the applicability of the
compound outer seal. However, the composite external discount is also applicable. In this study, the
applicability of the compound external discount, which should be done if the nominal value documents
such as long-term bonds, checks are paid in person, have been investigated. It is alleged that compound
exemptions can not be applied in studies on external discounts in existing works. In this study, a theorem
on compound external discounting is developed, and this theorem is tried to show applicability on
equivalents.  
KEYWORDS Compound Discount, Compound External Discount, Compound İnternal Discount
REFERENCES [1] Başkaya Z., Alper D., Finance Mathematics, Ekin Publishing House, Bursa, 2003.
[2] Başkaya Z, Commercial Mathematics, Ekin Publishing House, Bursa, 2011.
[3] Ertuğrul İ., Basic Mathematics, Ekin Publishing House, Bursa, 2012.
[4] Parlak S., Commercial Mathematics for Vocational School, Ekin Publishing House, Bursa, 2014.
[5] Zehir H., Commercial Mathematics, Murathan Publishing House, Bursa, 2011.

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