If 250 Workers Are Unemployed for a Period of One

question 45

Essay

If 250 workers are unemployed for a period of one month, 150 for a period of six months, and 100 for a period of 12 months in a given year, how many spells and months of unemployment occur during a year?

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Definitions:

Monthly Payments

Regular payments made each month, typically in the context of loans or leases.

Lump Sum

A one-time payment executed at a specific moment, rather than numerous smaller payments or installments.

Monthly

Pertaining to something that occurs, is done, or is calculated on a monthly basis.

Compounded Semi-Annually

Interest calculation method where interest is added to the principal balance twice a year, leading to exponential growth of the investment.