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COGNITIVE ASSESSMENT Which of the Following Will You Use If

question 67

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COGNITIVE ASSESSMENT Which of the following will you use if you are looking to perform backups in between full backups?


Definitions:

Ordinary Simple Interest

A method for calculating the interest charge on a loan or investment based on the original principal, rate, and length of time, without compounding.

360-Day Year

A financial calculation assumption where the year is considered to have 360 days for simplifying interest related calculations.

Ordinary Simple Interest

Interest calculated on the principal amount of a loan or investment based on a simple interest rate, without the compounding factor.

360-Day Year

An accounting approximation that treats all months as having 30 days, used in calculating interest with a simplified approach.

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