Answer:
no
Step-by-step explanation:
8a+8b are not equivalent 6a+5b
Interesting problem.
First - let's figure cost of each uniform at purchase.
3,000/40 = $75 each
When some uniforms were returned at $40 - there was a difference of $35 in what they paid and what they rec'd in return. ($75 - 35 = $40)
Your interest formula is given to you.
<span>Interest in a year = principal (the amount invested) * rate (the interest rate) * period (the time you're measuring) </span>
<span>Interest = 55,000 * 2% * 1 year = 55,000 * 0.02 * 1 = $1,100 </span>
<span>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. </span>
<span>Required interest = 55,000 * 3.24% * 1 year = 55,000 * 0.0324 * 1 = $1,782 </span>
<span>How much buying power did you lose? The difference between your required interest and your actual interest. </span>
<span>Buying power lost = 1,782 - 1,100 = $682. You lost this much in buying power. </span>
the answer is 9.74972315 I hope you have the right answer I hope this is helpful
