Economists have long recognized that investment is a crucial source of productivity and economic growth. By providing workers with more capital and thus improving labour productivity, tangible investment expands output and raises living standards.
Answer:
20000*(1+15%)³=30417.5
Explanation:
The number $40000 is irrelevant. Don't be disturbed!
This is a typical compound interest question. Use the compound interest formula: S=p(1+<em>i)ⁿ</em>
S for sum, p for principal balance, <em>i </em>for interest rate, n for the number of years or times
Answer:
a little late but ok xD
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