Examlex
Jake can complete an oil change in 45 minutes and he can write a poem in 90 minutes. Ming-la can complete an oil change in 30 minutes and she can write a poem in 90 minutes. Jake's opportunity cost of writing a poem is lower than Ming-la's opportunity cost of writing a poem.
Total Amount
The entire sum of money required for or received from a transaction.
Exact Simple Interest
Interest calculated exactly on the principal amount of a loan or investment, without compounding, over a specific period of time.
365-Day Year
A calendar year approach used in financial calculations, assuming the year has exactly 365 days for the purpose of interest computation.
Hair Salon
A business establishment offering services related to hair treatment, such as cutting, coloring, and styling.
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