Abbie is in high school and saves money from her afterschool job to buy a car after she graduates from college. She wants a new car but knows it will cost more than $20,000. By her freshman year, she has saved $12,000. Which of the following would most help her have the most money by graduation?
The correct answer is letter B: A compound interest account.
If you’ve got money in a savings account, your money will grow due to compound interest. Interest is money the bank paid to you as a reward it is a percentage and generally expressed per annum (interest is proportional to the amount of money you have deposited).
Compound interest is a rate that is applied to the principal and any prior interest earned (that's to say interest on interest). So over a period of time, it is very profitable.
The Silk Road began as a way for countries to trade things such as Silk, Horses, Nephrite Jade, Lapis Lazuli, Spinel, etc...
Answer: Europe.
Explanation: North America and South America.
Answer:
The longitudinal lines represent the local time and the prime meridian represents GMT. India follows its local time which is known as IST (Indian Standard time). Every longitude line is 15o apart from each other and for every 15, there is a time lag of two hours.
Explanation:
