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simple interest 2

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Normal in all problems they will ask time period as years. But in some problems they will give time period as number of days, then you need to calculate the number of of days in given period. The following table shows the number of days in a given year for various months.
Months
Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
No. of days
31
28/29
31
30
31
30
31
31
30
31
30
31

Points to remember
1.       If the time period of time includes february month, then we have to observe whether the given year is leap year (or) not.
                    Leap year – february month --------------> 29days
             Non leap year - february month ---------------->28days


2.       If you are taken a loan today and you are cleared a loan tomorrow. Then
                           Counting the no of days = 2days
                            Duration of days  =  1
          So interest is calculated in duration of days/years.
        So when you are counting the no. of days you need to exclude starting day and calculate 
      The no. of days will give you time period.   
                   
                 To convert no of days into years you need to divide by 365. This will convert into no. of year. The following table shows the conversion of no. of days into years.

                              
73/365 = 1/5
146/365 = 2/5
219/365 = 3/5
292/365 = 4/5
365/365 = 5/5

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