.
.
Math Central - mathcentral.uregina.ca
Quandaries & Queries
Q & Q
. .
topic card  

Topic:

effective interest

list of
topics
. .
start over

One item is filed under this topic.
 
Page
1/1
Interest computed on a 360 per year basis 2006-04-06
From Sonya:
Okay, I am reading this promissory note that says interest is computed on 365/360 basis by applying the ratio of annual interest rate (24%) over a year of 360 days. I sure do not remember anything like this in school, and am stumped.
Answered by Stephen La Rocque.
 
Page
1/1

 

 


Math Central is supported by the University of Regina and The Pacific Institute for the Mathematical Sciences.

CMS
.

 

Home Resource Room Home Resource Room Quandaries and Queries Mathematics with a Human Face About Math Central Problem of the Month Math Beyond School Outreach Activities Teacher's Bulletin Board Canadian Mathematical Society University of Regina PIMS