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What Is a High Level, Rounded Cloud

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What is a high level, rounded cloud?


Definitions:

Ordinary Simple Interest

Interest calculation method using a fixed annual rate, based on the principal amount and the time invested or borrowed.

360-Day Year

A simplified accounting method where the year is assumed to have only 360 days for the purpose of interest calculations.

Exact Interest

Interest calculation method based on a 365-day year or actual number of days in a loan period.

365-Day Year

A method of computing interest where the basis for the calculation is a full 365-day year, used to give a more precise daily rate.

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