basal7em6eRoloreyHei basal7em6eRoloreyHei
  • 27-03-2017
  • Business
contestada

Banks and other financial institutions sometimes calculate simple interest based on

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metchelle
metchelle metchelle
  • 06-04-2017
The answer that fits the statement provided above is BANKERS RULE, ORDINARY INTEREST. These banks and other financial institutions sometimes compute simple interest basing on the rule of bankers which is the ordinary interest. Ordinary interest is the interest that is based on 360 days per year.
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marandaleann728
marandaleann728 marandaleann728
  • 31-01-2020

Answer:

bankers rule, ordinary interest

Explanation:

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