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Q: How do you find exact interest?
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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.


Example of ordinary and exact interest?

example of ordinary interest


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


Example of exact interest?

lupam


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


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


How do you find interest rate?

To find interest rate you multiply the price by the time by the percent


Why might people want to know their exact locations on the earth?

People might want to know their exact locations on Earth for navigation purposes, to find specific points of interest, or to communicate their location to others in case of emergencies. It can also be helpful for outdoor activities like hiking or camping.


How can find interest percent in Rs100000?

First find out what the interest rate is from the money lender or deposit taker.


Where can I find online information about interest only calculators?

You can find information about interest only calculators at the following websites...www.mortgagecalculator.org/calculators/interest-only-calculator.php


Where can you find the best interest saving rates?

You can only find the best interest saving rates through comparison. First, you find interest rates from different company, and see which one offers the best.