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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:

There is not sufficient evidence to support the claim.

Step-by-step explanation:

The claim to be tested is:

The mean respiration rate (in breaths per minute) of students in a large statistics class is less than 32.

To test this claim the hypothesis can be defined as follows:

<em>H₀</em>: The mean respiration rate of students is 32, i.e. <em>μ</em> = 32.

<em>Hₐ</em>: The mean respiration rate of students is less than 32, i.e. <em>μ</em> < 32.

The sample mean  respiration rate of students is 31.3.

According to the claim the sample mean is less than 32.

The sample mean value is not unusual if the claim is true, and the sample mean value is also not unusual if the claim is false.

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Step-by-step explanation:

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If f(x) = 2x^2 - 5 and g(x) = 3x3, find (f-g)(x).
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\text{Given that,}~ f(x) = 2x^2 -5 ~ \text{and}~ g(x) = 3x^3\\\\\text{Now,}\\\\ ~~(f-g)(x)\\\\=f(x) - g(x)\\\\=2x^2 -5 - 3x^3\\\\=-3x^3 +2x^2 -5

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#20 four times the sum of number. and 15 is a least20. Let X represent the number. :find ball possible values for X
gayaneshka [121]
For this case what we have to take into account is the following variable:
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 Answer:
 
all possible values for X are:
 
[-10, inf)
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3 years ago
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