You are given
an investment of $5000 with a rate of 5.5% per year simple interest. You are
required to get the total interest money after 5 years. Simple interest is the
money that you can earn by investing initially some money. The percentage of
the principal makes your investment grow. The simple interest formula is equal
to the principal starting money multiplied by the interest rate and the time
borrowed in years.
F = P (1+rn)
F =
($5000)[1+(0.055)(5)]
<span>F = $6375</span>
In economics the term factors of production refers to all the resources required to produce goods and services. A paper company might need, among many other things, trees, water, a large factory full of heavy machinery, a warehouse, an office building, and delivery trucks. It might require a thousand workers to run the factory, take orders, market (or sell) the paper, and deliver it to wholesalers or retail stores. It might need thousands more resources of varying size and cost. Some of these items, such as workers’ skills, might be intangible. Together, these resources constitute the factors of production necessary for the paper company to do business.
Answer:
Can you finish your sentence.?
Explanation:
Answer:
The phrase invisible hand was introduced by Adam Smith in his book 'The Wealth of Nations'. He assumed that an economy can work well in a free market scenario where everyone will work for his/her own interest.
Explanation:
