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 :)
Hi there! The answer is 15 minutes.
Walking 4 miles per hour means that it takes you 60 minutes to walk 4 miles. To find the time it takes you to walk 1 mile, we must divide both sides by 4.
4 miles equals 60 minutes.
1 mile equals 60 / 4 = 15 minutes.
The answer is 15 minutes.
The fraction is 12/1000 which simplified to 3/250. The percentage is 1.2%.
Answer:
They will meet in 5:30.
Step-by-step explanation:
'Cause you have to fin the LCM (least common multiple). And in this case the LCM is 30.
Answer:
25
Step-by-step explanation:
