The Banker's Rule Simplifies Interest Computations by Treating a Year

question 146

True/False

The banker's rule simplifies interest computations by treating a year as having 360 days.

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Definitions:

Sterilization

A process that eliminates or kills all forms of microbial life present on a particular surface, object, or fluid.

Ultrasonic Cleaner

A device that uses ultrasonic waves in a liquid to clean small, intricate objects or parts, particularly effective in removing dirt and contaminants.

Sound Waves

Vibrations that travel through the air or another medium, perceptible to the human ear as sound.

Sphygmomanometer

An instrument used to measure blood pressure, typically consisting of an inflatable cuff to restrict blood flow and a manometer to measure the pressure.