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31 January, 09:35

A 90-day note dated August 26 matures on which of the following dates?

A. November 23

B. November 24

C. November 25

D. November 26

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Answers (1)
  1. 31 January, 10:21
    0
    B. November 24

    Explanation:

    The computation of the number of days is shown below:

    = 5 days in August month + 30 days in September month + 31 days in October month + 24 days in November month

    It covers the 90 days from August to November month

    The maturity date is that date on which the note is matures

    And, the 5 days comes from 31 days in august - 26 days in august month
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Home » Business » A 90-day note dated August 26 matures on which of the following dates? A. November 23 B. November 24 C. November 25 D. November 26
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