Your interest formula is given to you.
<span>Interest in a year = principal (the amount invested) * rate (the interest rate) * period (the time you're measuring) </span>
<span>Interest = 55,000 * 2% * 1 year = 55,000 * 0.02 * 1 = $1,100 </span>
<span>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. </span>
<span>Required interest = 55,000 * 3.24% * 1 year = 55,000 * 0.0324 * 1 = $1,782 </span>
<span>How much buying power did you lose? The difference between your required interest and your actual interest. </span>
<span>Buying power lost = 1,782 - 1,100 = $682. You lost this much in buying power. </span>
Answer:
The GCF is 2
Step-by-step explanation:
Hope this helps!!
Answer:
Yes it is
Step-by-step explanation:
Each x value is represented by exactly one y value.
Answer:
28.57142857
%
Step-by-step explanation:
Convert the fraction to a decimal, then multiply by 100
.
28.57142857
%
Sum means addition
negative 18 means -18
a number can be x
Sum of negative 18 and x should be 11
thus the equation is
