Answer:
5%
Step-by-step explanation:
(labor force growing rate) +(efficiency of a unit of labor) = effective workers growing rate
<=> 3%+ 2% = 5%
They want you to solve it and find the total change ?
Answer:
Is this a test I cant help if not test I can help
Step-by-step explanation:
Answer:
450
Step-by-step explanation:
A = P(1 + rt)
A = final amount
P = initial principal balance
r = annual interest rate
t = time(in years)
Given,
P = 3000
t = 2 years
r = 7.5% = 7.5/100 = 0.075
A = 3000(1 + 0.075*2) = 3450
Interest = 3450 - 3000 = 450