Answered

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What type of interest assumes that there are 365 days in a year? *​

Sagot :

KatenlieSmRhaSprouseidn

Answer:

Ordinary simple interest is a simple interest that uses 360 days as the equivalent number of days in a year. On the other hand, Exact simple interest is a simple interest that uses exact number of days in a year which is 365 (or 366 for leap year).

Step-by-step explanation:

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