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    Exam 11: Simple Interest and Simple Discount
  5. Question
    When Calculating Ordinary Interest, the Denominator of the Time Fraction
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When Calculating Ordinary Interest, the Denominator of the Time Fraction

Question 14

Question 14

Multiple Choice

When calculating ordinary interest, the denominator of the time fraction will be:


A) exact days per month
B) 365
C) 30 days per month
D) 360

Correct Answer:

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