1.75
4 x 1.75 = 7 so that is the answer
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
"<span>-No, because California and Texas also have two of the greatest areas, so they may not have the greatest population densities."
This is correct as the states such as New Jersey may not have as large as a population as Texas and California but, have a significantly less land than those states. Population density refers to people per km squared, which takes both land and population into account.
Hope this helps!
-Benjamin</span>
Answer: Rs. 11,520
Step-by-step explanation:
As the method of compounding is not stated, the default of simple interest will be used.
Simple interest is a fixed amount that is paid over the course of the loan and is based on the original amount borrowed.
Formula is:
Amount owed = Amount borrowed * ( 1 + rate * time)
= 8,000 * ( 1 + 8% * 5.5 years)
= 8,000 * 1.44
= rs 11,520
Greatest to least
23.72, 23.697, 22.8
hope this helps
23.72 is greater than 23.697 by 0.023
