Answer:
Option (B) is correct.
Explanation:
A supply shock is a situation in which the price of the natural resource increases which result in an increase in the cost of production of the goods. This increase in the cost of production of the goods induces the producers to produce less amount of goods which reduces the supply of goods. This will lead to shift the short run supply curve of the goods leftwards and therefore, there is an increase in the price of the goods.
Answer:
Q1. Selena would have earned <u>$25</u> in interest by the end of the year.
We calculate interest using the Simple Interest (SI) formula which is :
where
P = Principal or amount deposited
N = No. of years of deposit
R= Interest rate per annum
Substituting the values we have,
Q2. At the end of two years (eight quarters), the balance in the account will be <u>$866.28</u> . That means Suki will have earned <u>$66.28</u> in interest during that time.
We have
Amount deposited (P) = $800
Annual interest rate (i)= 4%
No. of compounding periods in a year (n)= 4
No. of years (t)= 2
We calculate amount at the end of two years with the following formula:
[tex]Compound interest = 866.2853645 - 800 = 66.2853645[/tex]
Q3. It will take <u>18 years</u> for the money to double to $100.
The rule of 72 is used for determining the time period in which an investment doubles itself. We use this rule by dividing 72 by the interest rate.
So,
Answer:
<em>Sara sold 30 stoves and Susie sold 150 stoves.</em>
Explanation:
<em>5x + x = 180</em>
<em>6x = 180</em>
<em>6x ÷ 6 = 180 ÷ 6</em>
<em>x = 30 (stoves ) - Cara sold.</em>
<em>30 × 5 = 150 (stoves ) - Susie sold.</em>
Answer:
If investment is made for one year, Future value = $8240
If investment is made for two years, Future value = $8487.2
Explanation:
The future value of a cash flow can be calculated using the following formula,
Future value = Present value * (1+i)^t
Where,
- i is the rate of interest
- t is the time period
As the interest rate is compounded annually, the future value after one year will be,
<u>After one year</u>
Future value = 8000 * (1+0.03)^1
Future value = $8240
<u>After two year</u>
Future value = 8000 * (1+0.03)^2
Future value = $8487.2
Answer:
a statement justifying the provision of public goods
Explanation:
Budget is a proposed plan of government revenue and expenditure over a specific frame of time.