A loan has a due date of January 15. If it was made on October 3, of the previous year, for how many days is the loan?
A) 102 days
B) 101 days
C) 99 days
D) 104 days

Question

Quizplus · Accepted Answer

From October 3 to January 15, the days in each month are counted as follows: October has 31 days, so from October 3 to October 31 is 29 days. November has 30 days. December has 31 days. January has 15 days (up to January 15). Adding these together: 29 (October) + 30 (November) + 31 (December) + 15 (January) = 105 days. However, since the question specifies the loan was made "on" October 3 and due "on" January 15, we count both these days in the total, which correctly totals to 105 days, indicating a mistake in the provided options. Given the options, the closest incorrect choice is 104 days, but the correct calculation actually results in 105 days.

A Loan Has a Due Date of January 15