The ordinary interest using exact time (banker's rule) will always be higher than exact interest using exact

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The ordinary interest using exact time (banker's rule) will always be higher than exact interest using exact time. Explain why this is true.

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Business Math

ISBN: 978-0133011203

10th edition

Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble

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Question Posted: Mar 11, 2016 01:48 AM

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The ordinary interest using exact time (banker's rule) will always be higher than exact interest using exact

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To conclude we can say that the ordinary intere...View the full answer

Business Math

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