A 90-day note dated August 26 matures on which of the following dates? A. November 23 B. November 24 C. November 25 D. November 26

1 answer
Question:

A 90-day note dated August 26 matures on which of the following dates?
A. November 23
B. November 24
C. November 25
D. November 26

Answers

Answer:B. November 24 Explanation:The computation of the number of days is shown below:= 5 days in August month+ 30 days in September month + 31 days in October month + 24 days in November monthIt covers the 90 days from August to November monthThe maturity date is that date on which the note is maturesAnd, the 5 days comes from 31 days in august - 26 days in august month

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