Choose from options: Determine if the sentence is true based on the text below:
The length of the term is irrelevant in interest calculation.

How to calculate daily interest<br>Gather the information needed to calculate interest. This includes the amount of money you will be investing or saving, the length of the term and the proposed interest rates. You may have several sets of variables if your intention is to compare alternatives.
Possible answers:
1). Yes
2). It's impossible to say
3). No
3).