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mamaluj [8]
3 years ago
5

You have $55,000 in savings account that pays 2% intrest per year. The inflation rate that year is 3.24%. How much do you make i

n intrest each year
Mathematics
1 answer:
Sever21 [200]3 years ago
6 0
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 :)
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Answer:

Inter-quartile range

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When you have the quartile, you can use the IQR (interquartile range) to measure the dispersion.

IQR = Q3 - Q1

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3 years ago
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A group of college students developed a solar-powered car and entered it in a race. The car travels at a constant speed of 100 m
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Answer:

A) Distance time graph

B) d(t) = 25t

C) The expression shows the distance more clearly.

Step-by-step explanation:

A) A distance time graph as seen in the attachment provides a representation of the distance travelled.

We are told the car travels at a constant speed of 100 meters per 4 seconds. Which means that 100 m for each 4 hours. So, for 200m, it's 8 hours like seen in the graph and for 300m,it's 12 hours as seen in the graph.

B) And expression for the distance is;

d = vt

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d is distance in metres

v is speed in m/s and t is time

We are told that the car travels at a constant speed of 100 meters per 4 seconds.

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Distance travelled over time is;

d(t) = 25t

C) Looking at both A and B above, it's obvious that the expression of the distance shows a more clearer way of getting the distance because once we know the time travelled, we will just plug it into the equation and get the distance. Whereas, for the representation form, one will need to longer graphs if the time spent is very long.

6 0
3 years ago
A jar contains only​ pennies, nickels,​ dimes, and quarters. There are 29 ​pennies, 13 ​dimes, and 21 quarters. The rest of the
aleksklad [387]

Answer:

First Question: <u>63 coins are not nickels.</u>

Second Question: <u>63+n=91</u>

Step-by-step explanation:

For your first question: 29+21=50 and 50+13=63. 63 coins are not nickels.

For your second question: You can do 29+21+13+n=91, I just simplified and said 63+n=91. You can choose.

Hope that this helps! Good luck with what you're working on!

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3 years ago
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