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Scientists recognize three levels of extinction. Identify and briefly explain each of these. How seriously does each of the levels affect the earth's biodiversity?
Principal
The original sum of money borrowed in a loan, or the initial amount of investment, excluding interest or profit.
Ordinary Simple Interest
Interest calculated on the principal amount only, without compounding, over a specific period.
360-Day Year
An accounting convention used for interest calculations where the year is simplified to 360 days to ease the computation process.
Exact Simple Interest
Interest calculated on the principal amount of a loan or investment, considering the exact number of days in the interest period.
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