Disconnect the battery is your answer .-.
Answer:
it take 29.23 years, my salary to double.
Explanation:
To make the salary double I have to increase the value of salary by 100%. If inflation rate is 2.4 percent per year and salary increase the same rate the time period to make it double can be calculated as follow.
As every year 2.4% has compounding effect, so we will use compounding formula to solve this problem.
Target value = Existing value ( 1 + growth rate )^time period
200% = 100% ( 1 + 2.4% )^n
2 = 1 ( 1 + 0.024 )^n
2 = 1 ( 1.024 )^n
2 = 1.024^n
Taking log on both sides to solve the n
Log 2 = n Log 1.024
n = Log 2 / Log 1.024
n = 29.23 years
I will take 29.23 year to double the salary
If the capital stock fixed while the supply of labor increases, it is likely that the productivity of labor will fall.
<h3>What is Labor productivity?</h3>
Labor productivity is use to measure the output of a labour based on hourly basis.
Labor productivity is usually determined by the amount of Capital that is investment. This include technological and human capital.
Therefore, If the capital stock fixed while the supply of labor increases, it is likely that the productivity of labor will fall.
Learn more on productivity here,
brainly.com/question/2992817
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