A loan dated 10th February 2016 was termed for 10 months for full settlement. If the payee wants to make full payment on 15th October 2016, what is the exact number of days from the date of the loan to the day payment was made?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 5SE: What is an annuity?
icon
Related questions
icon
Concept explainers
Topic Video
Question
A loan dated 10th February 2016 was termed for 10 months for full settlement. If the payee wants to make full payment on 15th October 2016, what is the exact number of days from the date of the loan to the day payment was made?
Expert Solution
steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Knowledge Booster
Application of Algebra
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, calculus and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax