So ordinary interest is 30 days collecting or gathering interest on a dollar and exact is collecting or gathering 1 year interest on a dollar.
No
bought you get to keep it and borrowed you have to give it back.
lupam
3
A keyword search searches for exact word when a boolean search looks for synonym's. The difference between a keyword search and a boolean search is the focus of the search. A keyword search is a search for an exact word. A boolean search is a search for a synonym.
Interest that is based on a 360-day year instead of a 365-day year. In contrast, exact interest is based on a 365-day year. If large sums of money are involved, the difference can be significant
example of ordinary interest
t= numbers of days ordinary interest= Pr no. of days/ 360 days exact interest= Pr no. of days/ 365 days
The formula for simple (ordinary) interest on a bank deposit is Deposit Amount x Rate x Time (# of days) on Deposit.
No
No
No
you tell me
clear number and guessing
Range
there is no difference they both mean the exact same thing =)
The difference is two hours.