Which of These Is Correct

question 52

Multiple Choice

Which of these is correct?

• A) a base class is a parent class or super class
• B) a base class is a child class or derived class
• C) a child class is a super class of its parent
• D) a parent class is a subclass of its child
• E) none of the above

---

Definitions:

Ordinary Simple Interest

Interest calculated only on the principal amount, not on the interest that accrues over time.

360-Day Year

An artificial accounting period used in finance that simplifies the calculation of interest by assuming each month has 30 days, resulting in a calendar year of 360 days.

Ordinary Simple Interest

Interest calculated on the principal amount of a loan or investment without compounding, based on a 365-day year.

360-Day Year

A simplified accounting method where the year is considered to have 360 days for the calculation of interest and other financial metrics.