Answer:
$1,101.32
Explanation:
Simple interest accounts balances are calculated using the following formula
A = P ( 1 + rt)
where:
A = final account balance
P = starting balance
r = interest rate (annually) percentage divided by 100
t = years
Therefore, we can plug in the values provided in this formula and solve for P which would be the amount that Kremena needs to deposit.
1,250 = P ( 1 + (0.045 * 3))
1,250 = P * 1.135 ... divide both sides by 1.135
1,101.32 = P
Finally, we can see that Kremena would need to deposit a total of $1,101.32 to have the amount that she wants after 3 years.
If the level of incomes rises for high-income workers but doesn't change for low-income workers, "then poverty will not change and inequality will rise."
<h3>What is poverty?</h3>
Lack of resources to meet necessities like food, clothing, and shelter constitutes poverty. But poverty goes far beyond simply not having enough money.
According to the World Bank, poverty is as follows:
- Hunger is poverty.
- Absence of shelter is poverty.
- Being sick and unable to visit a doctor is poverty.
- Being illiterate and lacking access to education are both aspects of poverty.
- Living day by day and not having a job are all signs of poverty.
Some faces of poverty is also-
- Poverty has been characterized in a variety of ways and takes on several forms that vary from place to place and over time.
- Most of the time, people desire to get out of poverty.
- Therefore, poverty is a call to action for both the wealthy and the poor, a call to alter the world so that more people may have access to food, shelter, education, and healthcare, as well as protection from violence and a voice in local affairs.
Therefore, rarely is there a single source of poverty. Some people don't have enough money due to a number of circumstances, including growing living costs, low salary, unemployment, and insufficient social security benefits.
To know more about factors cause poverty in low-income nations, here
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Answer:
2.45%
Explanation:
dividend yield = annual dividend / Stock Price per share
$0.72 / $ 29.40 = 0.0245 (2.45%)
