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    sejal1331's Avatar
    sejal1331 Posts: 4, Reputation: 1
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    #1

    Feb 20, 2008, 02:52 PM
    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?
    findthecalls's Avatar
    findthecalls Posts: 1, Reputation: 1
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    #2

    Jan 4, 2011, 03:41 PM
    Exact interest is determined based off 365 days, where ordinary interest is calculated on 360 days.
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