Find the compound interest on $2,500 at .75% interest compounded daily by the Leader Financial Bank for 20 days.

Interest= $402.96

Explanation:

Giving the following information:

Initial investment (PV)= $2,500

Interest rate (i)= 0.0075

Number of periods (n)= 20 days

To calculate the interest earned after 20 days, we need to use the following formula:

Interest= PV*(1 + i)^n - PV

Interest= 2,500*(1.0075^20) - 2,500

Interest= $402.96

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.