Rule of law is very important in case of country’s legal system
This means that no one can be regarded to be above the law in a society where the rule of law exists. In a parliamentary democracy, the rule of law places a duty on all citizens to uphold the law, and in order to do so, the legislation must be just and not arbitrary. The goal of the rule of law, like other constitutional concepts, is to advance peoples' freedom and basic rights.
People and corporations must abide by the regulations set forth by the rule of law in order to avoid penalties. The rule of law establishes norms for businesses so that they, too, know what is required of them in their transactions and enables people to comprehend what is expected of them in their personal capacities.
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Answer:
Annual deposit= $26,344.36
Explanation:
Giving the following information:
The interest rate is 7 percent per year.
He wants to have enough money to provide him with $3,000 of monthly income for 30 years. To date, he has saved nothing, but he still has 20 years until he retires.
First, we need to calculate the total amount of money required:
Final value= 3,000* (30*12)= $1,080,000
Now, we can calculate the annual deposit:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
FV= 1,080,000
i= 0.07
n= 20
A= (1,080,000*0.07) / [(1.07^20) - 1]= $26,344.36
Answer: Spaghetti map
Explanation:
A spaghetti map refers to as a visual representation that makes use of a continuous flow line that's used in the tracing of an activity for a particular process.
Since the people and equipment were not optimally positioned, the process map that would best help the team address this issue is the spaghetti map. It's vital as it helps in identification of workflow redundancies.
Answer:
11,513
Explanation:
Data provided in the question:
Initial bacteria = 200
Growth rate r(t) = 
Now,
Total growth after 3 hours = 
or
Total growth after 3 hours = 
or
Total growth after 3 hours =![450.268[\frac{e^{1.12567t}}{1.12567}]^3_0](https://tex.z-dn.net/?f=450.268%5B%5Cfrac%7Be%5E%7B1.12567t%7D%7D%7B1.12567%7D%5D%5E3_0)
[ ∵
]
Thus,
Total growth after 3 hours = 400 × ![[{e^{1.12567t}]^3_0](https://tex.z-dn.net/?f=%5B%7Be%5E%7B1.12567t%7D%5D%5E3_0)
or
Total growth after 3 hours = 400 × ![[{e^{1.12567(3)}-e^{1.12567(0)}]](https://tex.z-dn.net/?f=%5B%7Be%5E%7B1.12567%283%29%7D-e%5E%7B1.12567%280%29%7D%5D)
or
Total growth after 3 hours ≈ 11313
Hence,
Total bacteria after 3 hours = Initial bacteria + Total growth after 3 hours
= 200 + 11313
= 11,513
Answer:
If banks hold excess reserves, then the money multiplier will be smaller.
Explanation:
It is easier to understand using an example:
required reserve rate = 5%
money multiplier = 1 / 5% = 20
if $100 are injected in to the economy and they are deposited in the banking system, the money supply will increase by $100 x 20 = $2,000. But this calculation only works if banks lend 100% of the loanable funds, but if instead banks only lend $90, instead of $95 ($100 x 95%), then the money multiplier will be 1 / 10% = 10. In this case, the money supply will only increase by half