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?
![]() |
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?
Exact interest is determined based off 365 days, where ordinary interest is calculated on 360 days.
All times are GMT -7. The time now is 11:02 AM. |