business math

Question

if a loan began on March 5 and ended May 5, what is the exact time for this period

Answer 1

Thank you for submitting your question!

You can just calculate the number of days between these two dates on the calendar … so March 5 to May 5 should have a total of 61 days.

March has 31 days, so March 5 to March 31 is 26 days.

April has 30 days

May 1 to May 5 is 5 days.

Putting that all together would be 26 + 30 + 5 = 61 days :)