Answer:
$8
Explanation:
The yearly amount of interest earned on a $100 deposit at 4 percent rate is:
Since simple interest investments yield a constant interest each year, the amount earned after two years is:
The total amount earned is $8.
How does the government help ensure fair prices for all citizens of a particular area served by one utility company?
1 answer:
You might be interested in
An increase in spending of $25 billion increases real gdp from $600 billion to $700 billion. The marginal propensity to consume must be "4".
<h3>What do you mean by Marginal Propensity to consume?</h3>The marginal propensity to consume is refers to as the proportion of any change in income that is spent on consumption.
In economics, this term is used to refer to the measurement made in order to determine consumption when the rent is increased by one unit. This measurement is nothing more than a mathematical relationship to calculate how people invest in consumption or save the income that is increased.
Calculation:
Learn more about Marginal Propensity to consume, refer to the link:
#SPJ4