We can actually deduce here that the the words of the prophets and letters of Paul help contemporary Christians develop a proper attitude to earthly authorities by teaching them to be submissive to earthly authorities and pray for them.
<h3>Who is Apostle Paul?</h3>
Apostle Paul was actually known as one of the apostles of Jesus Christ who later came after Jesus Christ had ascended to heaven. Paul, who was formerly known as Saul, was a persecutor and an injurious fellow. He persecuted the church of Jesus Christ and consented to the death of those that preached Christ.
We see here that the prophets and Paul admonished the Christians to submit, obey and pray for earthly authorities.
Here is what Apostle Paul told the Roman Christians in Romans 13:1,2:
"Let every soul be subject unto the higher powers. For there is no power but of God: the powers that be are ordained of God. Whosoever therefore resisteth the power, resisteth the ordinance of God:.."
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The correct answer here is 25%. PACs as they are popularly known are political committees that are tasked with raising money and of course spending it to either help their candidate or oppose a different one. PACs usually represent some ideological or business interests.
a. Approximate real rate of interest 4.23%
b. Exact real rate of interest 2.78%
a. Calculations to determine the approximate real rate of interest in percent.
Using this formula
Approximate real rate of interest=Risk free rate - Inflation rate
Let plug in the formula
Approximate real rate of interest = 9.44% - 5.21%
Approximate real rate of interest = 4.23%
b. Calculations to determine the exact real rate of interest in percent
Using this formula
Exact real rate of interest= (Risk free rate-inflation) / (1+inflation)
Let plug in the formula
Exact real rate of interest= (9.44% - 5.21%) / (1 + 5.21%)
Exact real rate of interest=4.23% / 1.521%
Exact real rate of interest= 2.78%
Inconclusion:
a. Approximate real rate of interest 4.23%
b. Exact real rate of interest 2.78%
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