11. The method of lending money at ordinary interest using exact time is called the customer's rule preferred rule standard rule banker's rule 12. If money is borrowed from a bank at a simple interest rate, the bank often collects the interest, which is also called the at the time the loan is made. bank discount broker's discount customer's discount principal discount 13. In a discounted note, the amount the maker receives after subtracting the discount is called the profit proceeds maturity value principal 14. discount note is made when a bank buys a promissory note from a business. third-party Osimple promissory corporate 15. I = PRT is the exact interest formule Ordinary interest formule simple interest formula compound interest formule Clear Answers/Start Over Submit Answers for Grad