Answer: Keep your account open and you will earn more on Interest you've already earned
Explanation:
Since Tom's investment account at his bank has a compounding interest, the best advice that'll be offered to Tom is to keep the account open and he will earn more on Interest than what he has already earned.
It should be noted that compound interest makes ones money grow faster. The reason for this is due to the fact that the interest is calculated based on the accumulated interest that the individual has earned over time and the original principal.
Therefore, it isn't advisable for Tom to withdraw his money or ask the bank to compound the interest less frequently but rather, he should keep the account open as he'll earn more interest.
Based on the time it takes Leo when he uses two machines, the length of time it will take if the large copier is broken is <u>75 minutes. </u>
<h3>How long will it take if the large copier is broken?</h3><h3 />
This can be found by the formula:
= 1 / ( (1 / time taken with both copiers) - (1 / time taken with large copier) )
Solving gives:
= 1 / ( ( 1 / 30) - (1 / 50))
= 1 / (1 / 75)
= 75 minutes
Find out more on budget reports at brainly.com/question/25812320.
Answer:
$80,000
Explanation:
The computation is shown below:
Total depreciation expenses = $120,000 × (3 months ÷ 12 months)
= $30,000
Year end bonuses to employees = $200,000 × (3 months ÷ 12 months)
= $50,000
So, the total amount of expense would be
= $30,000 + $50,000
= $80,000
I do believe that is the gross domestic product!
The cognitive component, which relates to the attitudes, ideas, and attributes that a person assigns to an object or situation.
