Multiple Choice
Exact interest using exact time requires the following formula:
A) exact days divided by 365
B) 30 divided by 365
C) exact days divided by 360
D) 30 divided by 360
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q2: The length of time for which money
Q3: A loan is made on August 15
Q4: Time is considered ordinary when each month
Q5: The total amount of money due at
Q6: Find the exact time of a loan
Q8: Find the interest paid on a loan
Q9: Find the interest paid on a loan
Q10: Find the adjusted balance due at maturity
Q11: If a business receives a promissory note
Q12: The method used to calculate interest that