Which of the following is a true statement regarding interest calculation methods?
A. If a borrower receives a loan on a discount basis, the APR will be less than the simple interest.
B. Interest is calculated either on a straight basis or a delayed basis.
C. If a borrower receives a loan on a discount basis, the APR will be more than the simple interest rate.
D. Interest is calculated either on a straight basis or an undiscounted basis.
My answer is C. is this correct?