Banks and other financial institutions sometimes calculate simple interest based on:
A) Exact interest method
B) Using 30 days for each month
C) Using 366 days in the year
D) Banker's rule, ordinary interest
E) None of these

Question

Quizplus · Accepted Answer

The Answer of Banks and other financial institutions sometimes calculate simple interest based on:
A) Exact interest method
B) Using 30 days for each month
C) Using 366 days in the year
D) Banker's rule, ordinary interest
E) None of these

Banks and Other Financial Institutions Sometimes Calculate Simple Interest Based