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8 February, 03:25

How many days in a year is ordinary interest based on?

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  1. 8 February, 05:00
    0
    On the basis of a 360-day year or a 30-day month; ... would receive the original amount of the loan together with the agreed interest ... 360 days = 1 year; 30 days = 1 month; 365 days = 1 year.
  2. 8 February, 07:09
    0
    365 days are in a year
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