Answer:
a) $4,960
b) 8% per annum
c) $120
Step-by-step explanation:
a) 4000 + 960 = $4960
b) 960 ÷ 3 = 320 per year
320/4000 × 100 = 8%
c) 1% more per year:
1% of 4000 = 40
3 years: 120
So $120 more
D thare many solutions in math
Answer:
A household equivalence scale allows for transforming the income in an n-member household into an equivalent one-adult-member household. This is necessary for well-being comparisons across households with different number of members.