4.4 Find The Due Date of A Loan

There are cases where the loan is due in a certain number of days. If the date the loan is given is known, then the date it is due can also be found by using the number of each day of the year table.

Example 17
A loan was made on March 15 for a period of 220 days. When is actually the due date of the loan?

Solution:


The due date of the loan is on October 21 (Refer to day 294 in the table)

4.4 Find The Due Date of A Loan

Example 18
Date loan was made: Jan 3, Term of loan: 100 days. When is the due date of the loan?

Solution:

Refer to table for day 103. The due date is April 13.

Example 19
Date loan was made: Nov 10, Term of loan: 180 days. When is the due date of the loan?

Solution:

Refer to table for day 129. The due date is May 9.

4.4 Find The Due Date of A Loan

4.4 Find The Due Date of A Loan