365 or 365.25

Discussion in 'CT1' started by theactuary2010, May 30, 2007.

  1. i have been doing some revision and noticed some variation in the number of days a year has (not a leap year).in some instances, its 365 days and some 365.25 days.which should we stick to? is there a penalty should i choose 365 instead of 365.25? Please advise
    thanks
     
  2. bystander

    bystander Member

    Can't imagine even the Institute being so harsh as penalising this!

    Generally the 365.25 gets used when working with PHI and 365 otherwise.

    But don't lose sleep over it. They'll be bigger hurdles to jump
     
  3. Erik

    Erik Member

    Hi there.

    If they give you calender years, such as 2000, 2001, you must know that 2000 and every four years thereafter is a leap year with 366 days. Otherwise it's 365 days.

    If they don't give the calender years, use 365.25.

    Erik.
     
  4. thanx

    thank you
     
  5. thanx

    thank you
     

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