Examlex
Why is microeconomic theory often referred to as price theory?
Ordinary Interest
Interest calculated based on a 360-day year, typically used in banking and finance for loans and savings.
Total Amount
The aggregate or final sum of various components, such as the total cost, payment, or investment value.
Exact Interest
A method of calculating interest based on a 365 or 360-day year, often used in banking and finance to determine the amount due on loans or investments.
365-Day Year
A convention used in interest calculations assuming a full year consists of 365 days.
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