Financial maths (1 Viewer)

[vintage29]

i was wondering whether we are supposed to use 365 for a year of 365.25, and the same for weeks in a year, 52 or 52.14?????

any help would be much appreciated

 

[PC]

I'd suggest to stick with 365 days in a year and 52 weeks in a year. If they want you to use 365.25 or 52.14 or 52.18 they'll say so.

The only thing to remember is that if you need to convert months to weeks, DON'T multiply by 4 or 4.5 or anything like that. It's too rough. To convert months to weeks, divide by 12 to change months to years and then multiply by 52 to change years to weeks. Much more accurate.

 

[Timothy.Siu]

i was wondering whether we are supposed to use 365 for a year of 365.25, and the same for weeks in a year, 52 or 52.14?????

any help would be much appreciated

depends if its a leap year
lol jk =)
u shud use 365 or if u dont u shud mention wat u did but to be safe just use 365

 

[vintage29]

thanks for the help ill keep that in mind come the exam

cheers