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

Respuesta :

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 month

It covers the 90 days from August to November month

The maturity date is that date on which the note is matures

And, the 5 days comes from 31 days in august - 26 days in august month