Examlex
The figure shows two fish tanks,each having ends of width 1 foot.Tank A is 3 feet long while tank B is 6 feet long.Both tanks are filled with 1 foot of water.
Using the notation given above,which one of the following sets of equations below is correct for this situation?
Interest
Payment to resource owners for the use of their capital; the dollar amount paid by borrowers to lenders.
Inflation
The tempo at which the general price level for services and goods rises, degrading the purchasing strength.
Lenders
Individuals, institutions, or entities that offer funds to others with the expectation that the funds will be repaid with interest.
Borrowers
Individuals or entities that receive funds from another party under the agreement that the funds will be repaid, typically with interest, over a defined period.
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