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OpenStudy (anonymous):
585*9%*6= 315.90 is this the correct answer for exact interest
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OpenStudy (anonymous):
you mean simple interest? Never heard of exact interest i = prt
OpenStudy (anonymous):
no the exact interest
OpenStudy (anonymous):
P*r*t=I
OpenStudy (anonymous):
I just did the simple interest earlier
OpenStudy (anonymous):
585*0.09*6=315.9
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OpenStudy (anonymous):
hank you very much
OpenStudy (anonymous):
exact interest is calculated based on the exact days on a 365-day calendar. so I am assuming that you meant 6 months 1/2 * 365= 182.5 days
OpenStudy (anonymous):
yes
OpenStudy (anonymous):
well actually, 6 mos = counting Jan - Jun then it is 181/365 that should be used for T
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