If you didn't know the precise measurements, you could lay the stick on the rug and measure how many of those yardsticks fit onto that rug. Then you could take that yardstick to a store and find a new one by applying the same type of measuring and you would find things that are the same size. You would use the stick for reference.
Answer:
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Answer:
Step-by-step explanation:
Ordinary interest rate = principal × rates × ( time / 360)
exact interest rate = principal × rates × ( time / 365)
for states saving and loan of rate 7.25 %
ordinary interest rate = $ 2600 × 0.0725 × ( 90 / 360) = $ 47.125
total amount due after 90 days = $ 2647.125
for Security Bank of 7.5%
exact interest = $2600 × 0.075 × ( 90 / 365) = $ 48.75
amount due after 90 days = $ 2600 + $ 48.75 = $ 2648.75
b) considering the amount to be paid at maturity it is better to borrow state savings and Loan although the difference is not really much.