No answer choices provided but it’s because income is how much you are making before tax. Also, wealth means an abundance of currency so unless you are making lots of money, you dont have wealth. Hope this helps.
<span>The APR would be 20%. This would yield Sam $600 in a year, so he would earn $300 in six months as long as the interest was non compounding. The interest rate is multiplied by the amount of principal, and then multiplied by the amount of time. In this case the time is 6/12.</span>
