Answer:
He will spend 42 dollars
Step-by-step explanation:
7 times $6
= $42
(If that's what you're asking)
We solve the question as follows:
Simple interest=Principle×Rate×Time
Thus given:
p=$55000, R=2.5%, time= 1 year
thus
Interest=55000×0.025×1=$1375
To evaluate the amount required to keep up with the inflation, your interest rate should match the inflation rate otherwise prices are going up faster than the savings.
Required interest rate=55000×0.034×1=$1870
The buying power lost will be the difference between your required interest and actual interest.
Thus:
Buying power lost=1870-1375=$495
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Answer:
a(n) = 20*2.5^(n - 1)
Step-by-step explanation:
Note that 50 is 2.5 times 20, and that 125 is 2.5 times 50. Thus the common factor is 2.5. The formula for the nth term is
a(n) = a(1)*r^(n - 1) => a(n) = 20*2.5^(n - 1)
They are called the order of operations, or PEMDAS. Hope this helps!
