QUESTION IMAGE
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
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.
Snap & solve any problem in the app
Get step-by-step solutions on Sovi AI
Photo-based solutions with guided steps
Explore more problems and detailed explanations
spent on goods; earned selling tobacco