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
To calculate the z-statistic, we must first calculate the
standard error.
Standard error is standard deviation divided by the square
root of the population. In this case, it is equal to 2.68.
The z-score is defined the distance from the sample to the
population mean in units of standard error.
z = (195 – 208)/2.68 = -4.86
Answer:
3 t-shirts
Step-by-step explanation:
<u>Lets recap the information we will use from this problem:</u>
The ticket to the festival costs $87.96
T-shirts are $30.00
She is taking $200.00 to the festival
Now we can solve. First we will subtract the price of the ticket from the total amount of money she has.
$200.00 - $87.96 = $112.04
Now that she has payed for the ticket, we want to find out how many shirts she can buy with the remainder of her money. To find this, we will set up an equation like this:
(Amount of money left) ÷ (Cost of 1 t-shirt) = (How many t-shirts she can buy)
Insert your numbers: $112.04 ÷ $30.00 = 3.73466666667
Because she cant buy a fraction of a t-shirt, we ignore the decimals on the end of this number. Therefore, Staci can purchase 3 t-shirts.
Answer:
y=1/3x-1/3
Step-by-step explanation:
54 i believe
explanation: if you put 18 crayons in 3 baskets each it’s gotta b 54
