Answer:
Its x my dude
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Answer:
Interest earned= $200
Step-by-step explanation:
Giving the following information:
Initial investment= $20,000
Interest rate= 3%
Inflation rate= 2%
First, we need to calculate the real interest rate. <u>The inflation rate decreases the value of money through time. We need to deduct from the interest rate, the inflation rate.</u>
Real interest rate= 0.03 - 0.02= 0.01
<u>Now, we can calculate the interest earned in year 1:</u>
Interest earned= PV*(1+i)^n - PV
Interest earned= 20,000*(1.01^1) - 20,000
Interest earned= $200
Change the 12 and 1/2 cm to mm which is 125mm + 25mm = 150mm
<em>Look</em><em> </em><em>at</em><em> </em><em>the</em><em> </em><em>attached</em><em> </em><em>picture</em><em>.</em>
<em>Hope </em><em>it</em><em> </em><em>will</em><em> </em><em>be</em><em> </em><em>helpful</em><em> </em><em>to</em><em> </em><em>you</em><em>.</em><em>.</em><em>.</em>
<em>Good</em><em> </em><em>luck</em><em> </em><em>for</em><em> </em><em>your</em><em> </em><em>test</em><em>.</em><em>.</em><em>.</em>
<em>(. ❛ ᴗ ❛.)</em>