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 :)
Answer:
do u need to solve for x or for y ?
Step-by-step explanation:
Answer:
-4
Step-by-step explanation:
i just did it..
Answer:
Step-by-step explanation:
Parallel lines have identical slopes and different y intercepts.
y = 3x + 2
y = 3x + 9
These lines are parallel with the same slopes (3) and different y intercepts (2 and 9)
Answer: A.)
Step-by-step explanation: if you start at 7 and take 8 away your left with a negative
A is correct purple line to 7 and red line to -1
Hope this helps
