Examlex
Explain the relationship between chickenpox and shingles, how each is contracted, and how each can be prevented.
Ordinary Simple Interest Rate
The standard interest rate applied to a loan or investment, calculated on the principal amount without compounding over a specific period.
360-Day Year
A financial calculation assumption where the year is considered to have 360 days for simplifying interest calculations.
Exact Simple Interest
Interest calculated precisely on the principal amount over a specific period, normally based on a 365-day year.
365-Day Year
A method of calculating interest that uses a fixed calendar year of 365 days for computations, commonly used in financial contexts.
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