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What is the difference between ordinary interest and exact interest?
So ordinary interest is 30 days collecting or gathering interest on a dollar and exact is collecting or gathering 1 year interest on a dollar.
What is an example of the word exact in a sentence?
What was the exact date? To be exact it was 22/11/63.
What is the interest earned on 600000?
Not enough information. The interest earned depends on the capital (which is the only datum provided), on the interest rate, on the time (for example, how long you leave interest in your bank), and on whether simple or compound interest was agreed.
What is an everyday example where a fraction is impossible to use you have to use a decimal?
There is no such example. If you cannot use an exact fraction then there will not be an exact decimal that you can use instead. And, if you are using an approximate decimal, you could use an approximate fraction instead.
How do people use percentage in their daily life?
In sales, for example a shop is having a 50% off sale. Or when you fix deposite interest, for example if you deposite 5000 in a bank you might get a 10% interest in the next year.
Example of ordinary and exact interest?
example of ordinary interest
What is the difference between ordinary interest and exact interest?
So ordinary interest is 30 days collecting or gathering interest on a dollar and exact is collecting or gathering 1 year interest on a dollar.
What is the exact and ordinary interest computation?
t= numbers of days ordinary interest= Pr no. of days/ 360 days exact interest= Pr no. of days/ 365 days
Difference between Exact interest and Ordinary interest?
Interest that is based on a 360-day year instead of a 365-day year. In contrast, exact interest is based on a 365-day year. If large sums of money are involved, the difference can be significant
What is interest in a sentence?
His interest was in photography but he could not pursue. it. It is an example of interest word sentence.
Daily interest rate on annual rate of 17.7 percent?
If the interest is simple exact interest, the answer is 17.7/365 = 0.0485 daily percent interest, to the justified number of significant digits.
What is the exact interest for 600 at 8 percent for 45 days?
5.92
Interest calculated only on the principal?
This would be an example of simple interest.
Example of exact rhyme?
An example of exact rhyme is "cat" and "hat" where both words end with the same sound "-at".
What is an example of a personal interest?
chess
What is an example of someone with enlightened self interest?
examples of Enlightened self-interest
Growing like Jewish interest is an example of what?
It is likely an example of a stereotype.
