BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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164
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167
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165
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168
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Detailed explanation-1: -Counting 6 years before today 2190 days.
Detailed explanation-2: -So to correct (approximately), we add 1 day every four years (leap year). Thus, three calendar years are 365 days long; the fourth calendar year is 366 days long. The average length of the calendar year in days now becomes: (3 x 365 + 366)/4 = 365.25 days.
Detailed explanation-3: -Counting back from today, Thursday Thursday February 28, 2019 is 4 years ago using our current calendar. 4 years is equivalent to: 47.097 months. 208.571 weeks.
Detailed explanation-4: -If you’d like to calculate a total value for principal and interest that will accrue over a particular period of time, use this slightly more involved simple interest formula: A = P(1 + rt). A = total accrued, P = the principal amount of money (e.g., to be invested), r = interest rate per period, t = number of periods.