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 :)
So we know that the word 'product' means multiplication, and that means that h and 4 are being multiplied. Also, one-fifth of x is another way of saying that one-fifth is being multiplied with x. So then we can construct the equation:
And we can then simplify this by taking out the multiplication sign:
And so since we do not know what x or h is equal to, this is as far as we can go.
Answer:
D
Step-by-step explanation:
Let Ch and C denote the events of a student receiving an A in <u>ch</u>emistry or <u>c</u>alculus, respectively. We're given that
P(Ch) = 88/520
P(C) = 76/520
P(Ch and C) = 31/520
and we want to find P(Ch or C).
Using the inclusion/exclusion principle, we have
P(Ch or C) = P(Ch) + P(C) - P(Ch and C)
P(Ch or C) = 88/520 + 76/520 - 31/520
P(Ch or C) = 133/520
Answer:
-5/3
Step-by-step explanation:
