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The highest level of data measurement is the ratio level.
Ordinary Simple Interest
Interest calculated on the principal amount of a loan or investment, based on a 360-day year.
Ordinary Simple Interest
A method for calculating the interest charge on a loan or investment based on the original principal, rate, and length of time, without compounding.
360-Day Year
A financial calculation assumption where the year is considered to have 360 days for simplifying interest related calculations.
Ordinary Simple Interest
Interest calculated on the principal amount of a loan or investment based on a simple interest rate, without the compounding factor.
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