Calculate simple interest for amounts for one year. amounts by rate 7.0% and 9.0% amounts of loan rate = 7.0% rate = 9.0% $40,000 $ $ $50,000 $ $ $60,000 $ $ $70,000 $ $ $80,000 $ $ $90,000 $ $

The formula for simple interest is I=PxRxT. The calculations for each is below.

Explanation: The formula for simple interest is Interest = Principal x Rate x Time. In order solve for each of these variables you need to plug each into the formula.

40,000 x .07 = $2,800

50,000 x .07 = $3,500

60,000 x .07 = $4,200

70,000 x .07 = $4,900

80,000 x .07 = $5,600

90,000 x .07 = $6,300

40,000 x .09 = $3,600

50,000 x .09 = $4,500

60,000 x .09 = $5,400

70,000 x .09 = $6,300

80,000 x 09 = $7,200

90,000 x .09 = $8,100

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.

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