40+40x0+1 =
- Thread starter kokuten
- Start date
not really, just want to se peoples take on this as there is a lot of debate surrounding it...
[FnG]magnolia;20534320 said:
i only posted this as i am sitting opposite someone who doesn't understand it.. so thought i'd bring it here to see if anyone else has any difficulty with it, low and behold OcUK's intellect is far superior than that of a normal person....
Banks when they calculate the interest you owe them.. Or if you're lucky, how much they owe you.. So programmers may translate such an equation into a program so you don't have to worry about this kind of thing. So really you're kind of right... And this is it in a nutshell really, unless there's a specific need or interest then there is no need for the knowledge as there are tools that do it for us.
For example, if I were calculating interesting then the equation would look like this:
Let's say you borrowed £5000 at a rate of 5% for 200 days
Amount x rate / basis x number of days
Translates to
(Amount x (rate / basis)) x number of days
So you would do the divide first and so forth
(5000 x (.0500/365)) x 200 = 136.99
It would be a completely different answer if done from left to right..
(hopes i'm right )
