TIME BETWEEN TWO DATES

Terms:

1. Actual Time - Is obtained by counting each day of

every month of the term, excluding the origin date.

2. Approximate Time - is obtained by assuming that

every month has 30 days and then counting again
each day of every month, excluding the origin date.
Example #1:

Find the actual time and approximate time between

June 24 , 2019 - December 25, 2019.
Steps:

1. Read the question carefully.

2. Find the given in the problem.
3. Make a table.
4. Solve the problem
Example #1:

On August 3, 2017, Anna applied for P30,000 loan at

10% simple interest. He promised to pay on March 10, 2018.
Compute for the interest on the loan using exact interest at
actual time and ordinary interest at approximate time?
Example #2 :

Nicole borrowed P70,000 from Monique at 8% simple

interest. He promised to pay the principal and interest on
October 4, 2014. If the loan was made on November 30,
2013, how much is:
a. the interest on the loan?
b. the amount Monique would receive on October 4,
2014?