Answer: The most obvious advantage is the opportunity to be your own boss. Being in charge and making the important decisions regarding your business can be fulfilling, but it can also be challenging. Control. You choose the work you like to do and that makes the most of your strengths and skills.
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Answer:
In order to use all the paint in a paint mixture in the same ratio of 1:5, the painter needs 2.4 ounces of paint thinner
Explanation:
The given parameters are;
The number of parts of thinner used to create 5 parts of paint mixture = 1 part
The amount of paint the painter has = 12 ounces
The amount of thinner is given by the relation;
Ratio of thinner to paint mixture = 1:5
Which gives, 1 part of thinner is required for 5 parts of paint mixture
1/5 parts of thinner is required for 1 part of paint mixture
Therefore, 12/5 or 2.4 parts of thinner will be required for 12 parts of paint mixture
Which gives;
2.4 ounces of thinner will be required for 12 ounces of paint mixture
Therefore, in order to use all the paint in a paint mixture in the same ratio of 1:5, the painter needs 2.4 ounces of thinner.
The real return is the difference between the nominal and actual rate of inflation. Therefore, the real return revived by Luigi will be 6%.
<u>Given</u><u> </u><u>the</u><u> </u><u>Parameters</u><u> </u><u>:</u>
- <em>Nominal rate = 7% </em>
- <em>Actual rate of inflation = 1%</em>
<em>Real return = Nominal rate - Actual rate of return </em>
Real Return = 7% - 1% = 6%
Therefore, the real return on Luigi's money would be 6%
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