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>
Answer:
C
Step-by-step explanation:
Rounding can make a long number that might be confusing short and easy to understand. D sounds like the right answer but actually rounding isn't the most accurate. Using a fraction is.
Y= 1/2x -2 is the equation for this line.
Answer:
The distance formula is a formalization of the Pythagorean Theorem using (x,y) . They are the same thing (but the distance formula is for working out the distance between two points and Pythagoras theorem is for working out the missing length in a right-angled triangle) in two different contexts.
Step-by-step explanation:
