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September 16, 2014

September 16, 2014

Posted by **Tom** on Saturday, June 22, 2013 at 10:16am.

- math -
**Henry**, Sunday, June 23, 2013 at 8:46pmP = Po + Po*r*t = 2600

2000 + 2000*(0.06/360)t = 2600

2000 + t/3 = 2600

t/3 = 2600-2000 = 600

t = 1800 Days.

t = 1800Days / 360Days/yr. = 5 Yrs.

Ordinary int. is based on 360 days/yr.

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