Answer:
d. $50,499
Step-by-step explanation:
Given:
S = 40,000 (1.06)^t
Where,
t=4 years
S=40,000(1.06)^4
=40,000(1.26247696)
=50,499.0784
To the nearest dollar
S=$50,499
The answer is d. $50,499
Answer:
Real rate of return = 1.5%
Step-by-step explanation:
Given:
Savings account return = 2.5%
Inflation rate = 1%
Find:
Real rate of return = ?
Computation:
⇒ Nominal rate of return = Real rate of return + Inflation rate
⇒ Real rate of return = Savings account return - Inflation rate
⇒ Real rate of return = 2.5% - 1%
⇒ Real rate of return = 1.5%
2/3 6/9 9/12 are three fractions with different numerator
I like the substitution method. Which is when you make one equation equal only x or y and plug it into the other equation)
There is also the graphing method. If you graphed it, it might not be quite as accurate (at least on hand, on computer you would be pretty exact)
Then there is the elimination method. You multiply one of the equations by a coefficient so that you can eliminate x or y from the equation.
ADD = 300
ITI = 323
ON - 33 (Almost a 6 at the end!)
