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Refer to the information provided in Table 14.6 below to answer the question that follows.
Table 14.6
B's Strategy
-Refer to Table 14.6. The result of this game is known as a
365-Day Year
A conventional method of calculating interest based on a 365-day year, often used in financial calculations.
Estimate Interest
An approximation of the interest amount over a certain period based on a given rate.
Shortcut
A direct route or method that reduces the time or effort to complete a task.
Ordinary Simple Interest
Interest calculated on the principal amount of a loan or investment, based on a simple calculation and not compounded.
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