Start learning →

A term given in days is converted to years using a denominator of:

A355
B375
C395
D365
Answer & Solution
Correct answer: D. 365
1. An annual rate again needs years. 2. The time is written as actual days over that number. 3. The denominator is 365. _Source: OpenStax, Contemporary Mathematics, Ch 6 'Money Management'_
Practise this question with Quill — IBPS Clerk →

Keep practising Simple Interest

Browse all Simple Interest questions for IBPS Clerk, or explore more Quantitative Aptitude topics.

Start a Simple Interest lesson →
Related questions
Spot the one that does not fitDoes it raise the interest or lower it?Pick the right answer, quicklyFill the gaps on interestOrder the steps of a loan calculationTrue or false about simple interestWork out the simple interestMatch each term to what it means