boble
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Post by boble on Mar 25, 2016 16:00:50 GMT
Apologies in advance if I have missed a thread which covers this.
In order for me to calculate the daily interest on my total investment, is anyone able to advise whether the daily rate is based on the number of days in that month, or a 365/366 day year?
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Investor
Member of DD Central
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Post by Investor on Mar 25, 2016 16:30:05 GMT
Calculation for a £1000 loan held for a whole 30 day month is £1000*0.12 /365 *30. ilmoro could this be added to the first page of the newbie thread in the 'interest' section if you feel useful.
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