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geometry (egg) das_ year description 1764 £1500 ← planter earns the pla…

Question

geometry (egg) das_ year description 1764 £1500 ← planter earns the planter earns £1500. he spends £2000 on goods. - £2000 ← planter spends he buys some of the goods on credit. so, at the end of -£500 ← planter’s debt the year he owes the merchant house £500. 1765 -£500 ← planter’s debt the planter begins the year from last year owing £500. he earns £1000 ← planter earns £1000. he uses £500 to repay what he owes and - £2000 ← planter spends then spends £2000 on goods. so, at the end of -£1500 ← planter’s debt the year he owes the merchant house £1500. complete the text. earned selling tobacco spent on goods the planter’s debt increased in 1764 and 1765 because the amount he was greater than the amount he

Explanation:

Brief Explanations

In 1764, the planter earned £1500 but spent £2000, resulting in debt as spending exceeded earnings. In 1765, after repaying £500 of debt, he earned £1000 but spent £2000, again increasing debt. So debt increased when spending was more than earnings.

Answer:

spent on goods; earned selling tobacco