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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.
