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Ordinary and Exact Interest(Easy formula)
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There 2 kinds of Simple interest: Ordinary and Exact Interest
1. Ordinary Interest - time is divided in 360 days
2. Exact Interest - time is divided into 365 (366 for leap year)
These 2 kinds will be use only if the given value for time is days.
1. Ordinary Interest - time is divided in 360 days
2. Exact Interest - time is divided into 365 (366 for leap year)
These 2 kinds will be use only if the given value for time is days.
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