It can be assumed that $104 worth of Supplies have been used?
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Answer:
Rate of interest will be 3 %
And number of periods will be 8
So option (a) will be correct option
Explanation:
We have given rate of interest = 12 %
And time period = 2 years
We have rate of interest is the money is compounded quarterly
When money is compounded then we divide the rate of interest by 4 and multiply time period by 4
So rate of interest for quarterly will be %
And number of periods will be
So option (a) will be the correct answer
Answer: A
Explanation: Tariffs are imposed on foreign goods that are bought into a country. There are several reasons for the imposition of tariff such as revenue generation for the government, prevention of dumping, and protecting local industries.
When tariffs and other trade restrictions are placed on a product, it increases the domestic prices of such products. This is a blessing to domestic producers selling similar products because there will be an increase in demand for domestic products