What Natural Resource Was the British Hoping to Get Out

question 102

Multiple Choice

 What natural resource was the British hoping to get out of Burma?

• A)Cotton.
• B)Timber.
• C)Rubber.
• D)Copper.
• E)Sugar.

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Definitions:

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.