Answer:
False
Step-by-step explanation:
Both do not gain from the exchange. If producing 1 pumpkin is greater than 2 tomatoes, this means that Barney traded for less than he gave out in cost to produce 1 pumpkin. Barney should be demanding more tomatoes to make up the cost of producing 1 pumpkin. Fred makes a gain from the transaction. The selling price of tomatoes are less than a pumpkin. He can therefore sell 1 pumpkin to produce more than 2 tomatoes per pumpkin.
True of False? It depends on the scenario of the data size.
OH DONT COPY THIS M8
THIS IS WRONG
Answer: 5.5%
Step-by-step explanation:
Since the money invested has grown to $8300 and the principal was $600, this means the interest is:
= $8300 - $6500
= $1800
Simple interest = (Principal × Rate × Time)/100
1800 = (6500 × Rate × 5)/100
Cross multiply
1800 × 100 = 32500 × Rate
Rate = 180000/32500
Rate = 5.5%
