$1,200=to repair his home
21%=interest
$121=every month
12=month
21. X
——= ———-
100. 1200
Cross multiply
21*1200=25200
100*x=100x
25200/100=252
So Loki paid $252 interest
I think its going to be -1/2
Answer:
More
Step-by-step explanation:
- You can access your funds easier if your account has more liquidity.
- Liquidity refers to the measure of the ability of a debtor to pay their debts as and when they fall due.
- In other words it is the ability one or a business entity has to convert any asset into cash quickly. It is also an ability to buy or sell a security without affecting the asset's price.
- Therefore, the higher the liquidity of an account the more one can access funds easily.
