# What is ordinary and exact interest?

The ratio of ordinary interest to exact interest is 1 : 1.0139. Also called simple interest. Link/Cite; ... ordinary interest; ordinary seaman; ordinary shares; ordinate; - Read more

In ordinary simple interest In exact simple interest (for ordinary year) ... - Read more

## What is ordinary and exact interest? resources

### What is Exact Interest? definition and meaning

Definition of exact interest: ... ordinary interest; Nearby Terms. ex post; ex post real interes... exact; ... exact ordinary interest ...

### difference between exact interest and ordinary interest ...

im having problems understanding the difference between exact interest and ordinary interest . i have four problems. 2 say compute answers using exact

### What Is The Ordinary Interest If The Exact Interest ...

What is the ordinary interest if the exact interest is \$320.59. Answers (3) ABOUT CHEGG. Media Center; Chegg For Good; Brand Partnerships; NEW Privacy Policy; Your CA ...

### Section 11-2: Ordinary and Exact Interest

Find the exact interest on a loan of \$3,500 at 12 1/2% annual simple interest for 45 days.

### What Is Exact Interest? - wiseGEEK

Exact interest is a process of calculating the interest ... interested in whether the terms allow for the application of ordinary or exact interest, ...

### What is Ordinary Interest? definition and meaning

Definition of ordinary interest: ... exact interest; Nearby Terms. ordinary dividends; ... ordinary income exact interest ...

### Commercial Finance Group - Terminology

The difference between ordinary interest and exact interest is a ratio of 1.0139 which can be substantial for large sums of money.

### Exact Interest - Definition of Exact Interest - QFINANCE

Accounting. annual interest calculated over 365 days annual interest calculated on the basis of a full 365 days, as opposed to ordinary interest that is calculated on ...

### Simple Interest

Objectives. After mastering the material in this chapter, you will be able to: Explain what interest means; Compute the time factor; Compute both ordinary and exact ...

### exact interest - definition of exact interest - what does ...

Exact Interest. Exact Interest definition : ... (ordinary interest). Difference can be material when large principal sums of money are involved. ...

### Interest vs. Ordinary Interest - Ask Me Help Desk

Exact interest is determined based off 365 days, where ordinary interest is calculated on 360 days.

### Exact interest dictionary definition | exact interest defined

This contrasts with ordinary interest, ... exact; exact interest; exacta; exactamundo; exacting; exaction; exactitude; Follow YourDictionary. Tweet; Login About ...

### What is EXACT INTEREST? definition of EXACT INTEREST ...

Definition of EXACT INTEREST: 365-day year is the basis of this computed Interest. ... Contrast to a 360- day year used to compute ordinary interest.

### 11.1 The Simple Interest Formula - SlideServe

Find the ordinary interest using exact time for the previous loan . A loan of \$500 at 7% annual interest rate. The loan was made on March 15 and due on May 15.

### Simple Interest - Collect

... which is called Exact simple interest. ... Ordinary interest and Exact time (360 day year, exact number of days) This is the Banker's Rule.

### * Exact interest (Business) - Definition - Online Encyclopedia

... called ordinary interest. ... contrasting with exact interest having a base year of 365 days. See also: Expense, Ordinary interest, Index, ...

### Does anyone know his or her stuff when it comes to ...

1.Find the (ordinary interest) on \$1,800 for two months at a rate of 12%. 2.Find the (exact interest) for \$600 at 8% for 45 days, then round it to the nearest cent.

### Simple Interest – Definition and Calculation | Money ...

CALCULATING SIMPLE INTEREST EXAMPLES. ... Exact time and Approximate time. ... and uses the combination of ordinary interest and exact time.

### Ordinary interest definition and meaning - Define Ordinary ...

Ordinary interest definition - What does Ordinary interest mean? Simple interest based on a year of 360 days, contrasting with exact interest having a base year of ...

### Simple Interest Example - iPracticeMath

Consumer Math : Kinds of Simple Interest with Examples ... There are basically two kinds of simple interest: ordinary and exact. These two terms uses the same formula ...

### Calculate the ordinary interest. - FreeMathHelp.com

You have a note in the amount of \$10,000 at 9.5% interest running from January 5, to April 16. Calculate the ordinary interest. Calculate the exact interest.

### * Ordinary interest (Business) - Definition - Online ...

Ordinary interest - Topic:Business - Online Encyclopedia - What is what? ... contrasting with exact interest having a base year of 365 days.

### How to Calculate the Present Value of an Ordinary Annuity?

Answer: The Problem and The Formula. The first thing to remember is that present value of an is the exact opposite of future value of an annuity.

### The Total Amount Of Interest On A Loan Of \$6,000 For 150 ...

Comment: Apparently, the investment community differentiates between "exact interest" (calculated on a 365 day/year basis) and "ordinary interest" (calculated on a ...

### ordinary interest Definition | Business Dictionaries from ...

simple interest based on a 360-day year rather than on a 365-day year (the latter is called exact interest). The difference between the two bases when calculating ...

### Exact Interest - Definition of Exact Interest - QFINANCE

Accounting. annual interest calculated over 365 days annual interest calculated on the basis of a full 365 days, as opposed to ordinary interest that is calculated on ...

### Exact Interest financial definition of Exact Interest

Exact interest Interest paid based on the basis of a 365-day/year schedule by a bank or other financial_institution as opposed to a 360-day basis (ordinary interest ...

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