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ninaaforever
01.08.2019 •
Business
Alex invested $400 in a cd that pays 3% simple interest, calculated semiannually. how much money will alex earn in 2 years?
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Ответ:
I = 400 * 3 * 2 /100
I = 2400 / 100
I = 24
In short, Your Answer would be $24
Hope this helps!
Ответ:
In the equation of exchange, m x v = p x q, the v represents velocity the average amount of money in circulation the average frequency with which a dollar is spent the average price level quantity purchased. Velocity is the rate that money is exchanged in a given economy, the money is usally measured in a ratio format. To find the velocity, use the ratio of the gross national product over the companies supply of money that they have.