Answer: The son is 1 year old and the father is 27 years old.
Explanation: Let’s call the sons age x and the fathers is y. You have the equations x+26=y and 3(x+8)=y=3x+24. So you could say that (3x-24)-(x+26)= z -z. So 2x-2=0. Add 2 to both sides and get 2x=2. x = 1 so the son is 1 year old
The people of Aad were an ancient tribe of Saudi Arabia. Their city was known as Iram. The tribe was popular for its cleverness and physical strength and therefore, they are also called giants. They were so strong and intelligent that they could carve mountains and use it as their homes. , the Thamūd were the successors of a previous nation called the ʿĀd, who had also been destroyed for their sins. They lived in houses carved into the surface of the earth. God chose the prophet Ṣāliḥ to warn the polytheistic Thamūd that they should worship the One God.
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<u>The equilibrium rate of return on a 1 year T-bond is 5%</u>
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<h3>Equilibrium rate</h3>
This is the interest rate at which the demand meet the supply at a particular point.
<h3>Equilibrium rate of return</h3>
This is the sum of dividend yield plus the rate of capital gains.
we can also say that the equilibrium rate for a 1 year T-bond in this case is the sum of the real risk free rate and the expected inflation.
Data
- Real risk free rate = 3%
- Expected inflation = 2%
Hence, the equilibrium rate of return will be 3% + 2% = 5%.
From the above, the equilibrium rate of return is 5%
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