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It's wrong. It's an approximation that assumes every month has 30 days. Read More

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Per David W's post, modular arithmetic returns the remainer of a division operation, so 4%2 is the remainder of 4/2 which is 0. If there are 30 days in a month, then if it is the 15th of the month, the remainder of 15/30 is 15, so 15%30 == 15. … Read More

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