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-   -   Interest vs. Ordinary Interest (https://www.askmehelpdesk.com/showthread.php?t=186311)

  • Feb 20, 2008, 02:52 PM
    sejal1331
    Interest vs. Ordinary Interest
    How would the formula for calculating time in days (given principal, interest, and rate) change if exact interest is used in contrast to ordinary interest?
  • Jan 4, 2011, 03:41 PM
    findthecalls
    Exact interest is determined based off 365 days, where ordinary interest is calculated on 360 days.

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