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Forum URL: http://www.cut-the-knot.org/cgi-bin/dcforum/forumctk.cgi
Forum Name: This and that
Topic ID: 90
Message ID: 2
#2, RE: Interest Rates Formula
Posted by twokurka on Feb-09-01 at 11:45 AM
In response to message #1
Thanks, but I still do not understand the formula.
I need 400/6.98 = 57, not 57.31. The program has to determine the exact number of times 6.98 goes into 400 and spill out the remainder. Please Explain the first part of the forumla. I have to round down the answer via using a formula or the program will pick up the true value of 57.31 giving me an error result.