TATRLES 
EXPLANATION OF TABLE 21 
SIMPLE INTEREST ON ONE DOLLAR FOR ONE DAY oN Basis oF 365 Dav 
YEAR AND 366 DAy YEAR 
This table has been calculated both for the normal 3635 day 
years and for leap years, the interest on $1 for one day being 
given in the appropriate column. 
By using the table of “ The Number of Each Day of the Year ” 
given on the preceding page the interest on $1 which has accrued 
between any two days of the year can be calculated by multi- 
plying the interest for one day by the number of days involved. 
Example. — (a) What is the interest on $1 from Jan. 1 to 
Aug. 23, at the rate of 7 per cent (not a leap year)? 
$0.000191780822 X 234 = $0.044877 
Answer = $0.0435. 
(b) What is the interest on $2,125,602.10 from Feb. 1 to 
Nov. 3, at the rate of 5 per cent (leap year)? 
$2,125,602.10 X 0.000136612022 X 276 = $80,145.653 
Answer = $80,145.65. 
‘BL 320