Your interest formula is given to you.
Interest in a year = principal (the amount invested) * rate (the interest rate) * period (the time you're measuring)
Interest = 55,000 * 2% * 1 year = 55,000 * 0.02 * 1 = $1,100
How much would you need to have made for your spending power to keep with inflation? Your interest rate would have needed to match the inflation rate, otherwise prices are going up faster than you're saving.
Required interest = 55,000 * 3.24% * 1 year = 55,000 * 0.0324 * 1 = $1,782
How much buying power did you lose? The difference between your required interest and your actual interest.
Buying power lost = 1,782 - 1,100 = $682. You lost this much in buying power.
Hope that helped :)
The answer is 24 this needs to be longer so it will send
Step-by-step explanation:
x²-11x+32=4
x²-11x+28=0
(x-4)(x-7)=0
x=4 or x=7
_______
x²+8x-5=4
x²+8x-9=0
(x+9)(x-1)=0
x=-9 or x=1
_______
x²+x+4=5x+1
x²-4x+3=0
(x-1)(x-3)=0
x=1 or x=3
________
x²+x-24=-8x-2
x²+9x-22=0
(x+11)(x-2)=0
x=-11 or x=2
Answer:
i dont know lol but anyways
Step-by-step explanation:
Answer:
40
Step-by-step explanation:
why? because 40x40=1600
