"EXACT SIMPLE INTEREST, ORDINARY SIMPLE INTEREST. Exact simple interest is calculated on the basis of a 365/366 day year. Ordin- ary simple interest is calculated on the basis of a 360-day year. ADAY1, AAMONTH1 and AYEAR1 is first date of loan and BDAY2, BBMONTH2 and BYEAR2 is the second or last date of loan. EDAYS is exact days between two dates. RATE% is the interest rate as a percent. PRINCIPL is the principal or amount of the loan. EXINEDAY is EXact INterest for Exact DAYs. ORINEDAY is ORdinary INt for EXact DAYs. *** Answers to problems *** (a) Set all variables to 0 first. Note to automatically do this, type ? then (esc) 0 (ent). Set BDAY2 to 50. Set PRINCIPL to 8,000. Set RATE% to 10. The exact interest EXINEDAY is $109.59, the ordinary interest is 111.11. Type any key to exit. (c) Copyright PCSCC, Inc., 1993 ||(a) Find the exact and ordinary simple interest on $8,000 for 50 days at 10%. Type comma key to see answers. Type (F2) to return to help file."
