The amount in interest is specified in the policy and compounds annually
<u>Answer:</u>
<em>C. the price for most products and services is always the same.</em>
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<u>Explanation:</u>
A price is primarily the task of a numeric incentive to an item. Prices help us to settle on ordinary monetary choices about our needs and wants. Prices are a sign of the popularity of a product; in this manner the more well known the product, the higher the value that can be charged. For instance, on the off chance that you see a table of strap tops available to be purchased, you can securely expect that bridle tops are not prevalent.
In here, we can say that we are looking for the nominal interest rate. Given is the real interest rate which is 5% and the inflation rate of 10%. The nominal rate of interest is real interest rate plus the inflation rate. Savers will now require an interest rate of 15%
_The time value of money_ principle states that <span>a dollar today is worth more than a dollar in the future.
Hope this helps</span>
Add up all the numbers and divide it by the amount of numbers there are. For example, the average of 2, 4, and 1 would be 2+4+1= 6, then 6/3 because there are 3 numbers.
