Balance of trade is the difference that is between the value of a country's exports and the value of its imports.
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What is a balance of trade?</h3>
Your information is incomplete. Therefore, an overview will be given. The balance of trade or net exports, is the difference between the monetary value of a nation's exports and imports over a period.
The balance of Trade formula = Country's Exports – Country's Imports.
For example, suppose the USA imported $1.8 trillion but exported $1.2 trillion to other countries, then the USA had a trade balance of -$600 billion.
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Answer:
How the Rule of 72 Works. For example, the Rule of 72 states that $1 invested at an annual fixed interest rate of 10% would take 7.2 years ((72/10) = 7.2) to grow to $2. In reality, a 10% investment will take 7.3 years to double ((1.107.3 = 2). The Rule of 72 is reasonably accurate for low rates of return.
Step-by-step explanation:
For example, if you invest $10,000 at 10 percent compound interest, then the “Rule of 72” states that in 7.2 years you will have $20,000. You divide 72 by 10 percent to get the time it takes for your money to double. The “Rule of 72” is a rule of thumb that gives approximate results
Volume= area of base x height
base= 3.14 x 4^2(8/2=4 for the radius)
base=50.24
base x height=50.24 x 23=1155.52, or 1156 ft3