Answer:
They lose about 2.79% in purchasing power.
Step-by-step explanation:
Whenever you're dealing with purchasing power and inflation, you need to carefully define what the reference is for any changes you might be talking about. Here, we take <em>purchasing power at the beginning of the year</em> as the reference. Since we don't know when the 6% year occurred relative to the year in which the saving balance was $200,000, we choose to deal primarily with percentages, rather than dollar amounts.
Each day, the account value is multiplied by (1 + 0.03/365), so at the end of the year the value is multiplied by about
... (1 +0.03/365)^365 ≈ 1.03045326
Something that had a cost of 1 at the beginning of the year will have a cost of 1.06 at the end of the year. A savings account value of 1 at the beginning of the year would purchase one whole item. At the end of the year, the value of the savings account will purchase ...
... 1.03045326 / 1.06 ≈ 0.9721 . . . items
That is, the loss of purchasing power is about ...
... 1 - 0.9721 = 2.79%
_____
If the account value is $200,000 at the beginning of the year in question, then the purchasing power <em>normalized to what it was at the beginning of the year</em> is now $194,425.14, about $5,574.85 less.
Answer:
60
Step-by-step explanation:
If 478 out of 534 parking spaces are taken, then you will be <u>subtracting</u>. When you subtract 534 and 478 (534-478), then you get 54. Remember 5 and up round to 10. 4 and below round to 0. So 56 rounds to 60 because 6 is greater than 5.
Hope it helps!
nswer:
B
C
=
24
Explanation:
The triangle is isosceles, because (from the diagram) ∠
A
B
C
=
∠
A
C
B - note how the angle there is marked on both of these. If these angles are equal, this means that the sides
A
C
=
A
B
let A
C
=
A
B
x
+8=2x-1
8
=
x
−
1
x
=
9
We want to find the length of
B
C
, which is (
3
x
−
3
)
. We know that x
=
9
B
C
=3
x
−
3
B
C
=
3
(
9
)
−3
B
C
=
27
−
3
B
C
=
24
Answer:
In the sample, 61% chose wooden chairs (4% less than that claimed by the company), 24.2% chose plastic chairs (4.2% more than that claimed by the company), and 14.8 % chose metal chairs (0.2% less than what the company claimed). Therefore, given that these are differences of less than 5%, we can affirm that these samples are consistent with what the company said.
Step-by-step explanation:
Given that a large furniture company claims that 65% of all individuals who buy chairs from its stores choose wood chairs, 20% choose plastic chairs, and 15% choose metal chairs, and to investigate this claim researchers collected data from a random sample of the companys customers, whose results were 305 wood, 121 plastic, and 74 metal, to determine if the data from the sample consistent with the companys claim the following calculations should be performed:
305 + 121 + 74 = 500
500 = 100
305 = X
305 x 100/500 = X
30,500 / 500 = X
61 = X
500 = 100
121 = X
121 x 100/500 = X
12,100 / 500 = X
24.2 = X
100 - 61 - 24.2 = X
39 - 24.2 = X
14.8 = X
Therefore, in the sample, 61% chose wooden chairs (4% less than that claimed by the company), 24.2% chose plastic chairs (4.2% more than that claimed by the company), and 14.8 % chose metal chairs (0.2% less than what the company claimed). Therefore, given that these are differences of less than 5%, we can affirm that these are samples that are consistent with what the company said.
Answer:
Step-by-step explanation:
