The West African city that became an economic center of trade due to regional commerce is Timbuktu.'
<h3>How did
Timbuktu become a regional center of commerce in West Africa?</h3>
Timbuktu's strategic location at the confluence of desert and water made it an ideal trading center. It was absorbed by the Mali empire in the late 13th or early 14th century. By the 14th century, it was a thriving trans-Saharan gold and salt commerce center, as well as a center of Islamic culture.
The city's proximity to the Niger River encouraged trade between West Africa and Morocco in North Africa. By the early 1300s, Timbuktu had become the nexus of a variety of east-west and north-south commerce routes, and it quickly became the Mali Empire's primary commercial metropolis (albeit not it's capital).
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Answer:
U.S. Prison Population Hits All-Time High: 2.3 Million Incarcerated
Explanation:
True. T<span>he typicality effect is among the most common empirical findings in cognitive psychology</span>
Answer:
Keir will have the most money to spend on a new boat at the end of the five years; $1,440
Explanation:
Three friends decide that they each want to be able to buy a new boat in five years. Vanore puts $1,000 in a savings account with a simple interest rate of 4.5%. Keir invests $1,200 in a standard savers account with a simple interest rate of 4%. Omar invests $950 in a junior achievers account with a 6% annual compound interest rate. Who will have the most money to spend on a new boat at the end of the five years?
Vanore puts $1,000 in a savings account with a simple interest rate of 4.5%.
Vanore:
I = p * r * t
= 1000 * 0.045 * 5
= $225
I = $225
After 5 years, Vanore will have $1000 + $225
= $1225
Keir invests $1,200 in a standard savers account with a simple interest rate of 4%
Keir:
I = p * r * t
= 1200 * 0.04 * 5
= 240
I = $240
After 5 years, Keir will have $1200 + $240
= $1,440
Omar invests $950 in a junior achievers account with a 6% annual compound interest rate.
Omar:
A = P (1 + r)^t
= 950(1 +0.06)^5
= 950(1.06)^5
= 950(1.3382)
= 1271.1
A = $1,271.1
After 5 years, Omar will have $1,271.1
Keir will have the most money to spend on a new boat at the end of the five years; $1,440
