Ecosystems Can Be Considered as Natural Factories Because They Produce

question 54

True/False

Ecosystems can be considered as natural factories because they produce food, fuel, fiber, and structural materials.

Understand and compute exact simple interest for loans using a 365-day year.

Understand and compute ordinary simple interest for loans using a 360-day year.

Calculate the total repayment amount (principal + interest) for short-term loans.

Estimate interest by rounding the principal to the nearest hundred dollars and using shortcuts for interest calculation.

---

Definitions:

Drawee

The party, typically a bank, required to pay the specified amount on a check or draft when it is presented for payment.

Negotiable Instrument

A written document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payer named on the document.

Maker

The party in a transaction who creates or issues a promissory note, thereby promising to pay a certain sum to a specified person or entity.

Bearer

A person in possession of a negotiable instrument, such as a check or bond, that is payable to whomever holds it.