The compound amount recieved by Jamie after 180 days is $1,466,844.98
Explanation:
We know that money in any sort of banking account earns interests in a compounding manner.
Amount at the end of time “x” is given by A= P(1+R/100)
ˣ
Where A= amount after the said time period
P= Principal
R= Rate
x= time period
One must note that “x” and “R” must be in same time-frame i.e. if the rate is compounded daily, time period must be considered daily and so on.
Substituting the values of P as $ 3000, R as 3.5%, and x as 180
Amount after 180 days= 3000 (1+3.5/100)
¹⁸⁰
Amount= $1,466,844.98
Thus, the amount is $1,466,844.98
Answer:
The correct option is C ,$15,300
Explanation:
GDP is a short form of Gross Domestic Product which is an indicator of total goods produced in an economy in a period of one year.
Using the expenditure method,GDP van be computed using the below formula:
GDP=C+I+G+(X-M)
C is the consumption in the economy which is $9000
I is the level of investment at $3,000
G is the government expenditure of $3,500
X is the export of $2,500
M is the import of $2,700
GDP=$9000+$3000+$3500+($2500-$2700)
GDP=$15,300
Hence the GDP is $15,300
Answer: Microeconomics
Explanation:
Microeconomics is a branch of economics that studies the behaviour of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms. Microeconomics focuses on the economics at an individual, group or company level.
The microeconomics helps in macro analysis. It is microeconomics that tells us how a free market economy with its millions of consumers and producers work to decide about the allocation of productive resources among the thousands of goods and services
consumption and production of the taxed product are reduced below the level of allocative efficiency which would occur without the tax.
