A loan has a due date of December 20. If it is made on September 19, for how many days is the loan?
A) 92 days
B) 90 days
C) 91 days
D) 275 days

Question

Quizplus · Accepted Answer

The loan is from September 19 to December 20. September has 30 days, so from September 19 to September 30 is 12 days. October has 31 days, November has 30 days, and from December 1 to December 20 is 20 days. Adding these gives 12 + 31 + 30 + 20 = 93 days. However, the correct calculation should be 30 (September 19 to October 19) + 31 (October 19 to November 19) + 30 (November 19 to December 19) + 1 (December 20) = 92 days.

A Loan Has a Due Date of December 20