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<em>These most common five modes of transport are: railways, roadways, airways, waterways and pipelines</em>
- Railways is a means of transport, on vehicles which run on tracks (rails or railroads).
- Railways is a means of transport, on vehicles which run on tracks (rails or railroads).Roadways are Road transport means transportation of goods and personnel from one place to the other on roads.
- Railways is a means of transport, on vehicles which run on tracks (rails or railroads).Roadways are Road transport means transportation of goods and personnel from one place to the other on roads. Airways is an airway or air route is a defined corridor that connects one specified location to another at a specified altitude, along which an aircraft that meets the requirements of the airway may be flown.
- Railways is a means of transport, on vehicles which run on tracks (rails or railroads).Roadways are Road transport means transportation of goods and personnel from one place to the other on roads. Airways is an airway or air route is a defined corridor that connects one specified location to another at a specified altitude, along which an aircraft that meets the requirements of the airway may be flown.Waterways is any body of water that can be used for transportation by people in boats. These include rivers, lakes, oceans, and canals.
- Railways is a means of transport, on vehicles which run on tracks (rails or railroads).Roadways are Road transport means transportation of goods and personnel from one place to the other on roads. Airways is an airway or air route is a defined corridor that connects one specified location to another at a specified altitude, along which an aircraft that meets the requirements of the airway may be flown.Waterways is any body of water that can be used for transportation by people in boats. These include rivers, lakes, oceans, and canals.Pipelines Pipeline transport is the long-distance transportation of a liquid or gas through a system of pipes—a pipeline—typically to a market area for consumption.
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Answer:
Customer must buy goods worth 20,000 dollars.
Explanation:
You will receive a 3 percent income on every sale. The cost of the franchise is $600. For you to meet this cost, you must make sales worth $20,000.00.
Three percent can be represented as 0.03. To meet the franchise cost, 0.03 must equal $600.
if 3 percent =$600, then 100% must be (600/3*100)= $20,000.
if we work the reverse, 3 percent of 20,000 = $600. (3/100*20,000)
The definition for interest in terms of finance is interest is the cost of borrowing. Therefore the correct option is (B).
<h3>What is Finance?</h3>
Finance refers to the money or the funds required by the company to undertake the business projects. Here, finance is the separate field of the study taught to the management students.
Interest refers to the amount charged to the borrower to the lender on the loan facility provided to them. Every lender charges the rate of the interest according to his will.
Bank also charge the rate of the interest on the loan provided to the customer. Therefore the correct option is (B).
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Answer:
Nominal rate of return= 7.12%
Explanation:
Inflation is the increase in the price level. It erodes the value of money.
Nominal interest is that quoted for investment or loan transactions. It has not been been adjusted for inflation.
Real interest rate is the amount of interest in terms of the the quantity of good and services that can be purchased. It is the nominal interest rate adjusted for inflation.
The relationship between inflation, real interest and nominal interest rate is given using the Fishers Effect;
N = ( (1+R) × (1+F)) - 1
N- nominal rate, R-real rate, F- inflation
Nominal rate of return =(1.03)× (1.04) - 1 =0.0712
Nominal rate of return = 0.0712 × 100 = 7.12%
Nominal rate of return= 7.12%