Find exact interest on this loan? Prinicipal is $1700. Rate is 12% and days are 33.

Prinicipal is $1700, Rate 12%. Days are 33. What is the exact interest?
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1 Answer

1 yeer wood be 12% av 1700=0.12*1700=204

33 daes outa 365=0,090410958

times 204=18.44$

Many banks yuze the old rule-av-thumb...360 dates in yeer

made it eezeeer for em tu duit with paper & pensil
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