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15 September, 00:28

How many days in a year is ordinary interest based on?

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Answers (2)
  1. 15 September, 01:12
    0
    365 days are in a year
  2. 15 September, 02:29
    0
    On the basis of a 360-day year or a 30-day month; ... would receive the original amount of the loan together with the agreed interest ... 360 days = 1 year; 30 days = 1 month; 365 days = 1 year.
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