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3 years ago

What are situations that can cut into retirement funds?

Mathematics

2 answers:

rjkz [21]3 years ago

8 0

Answer: 1) Accident 2) Health needs

Step-by-step explanation:

First we should know the meaning of retirement fund

Retirement fund is a special type of fund in which people pay money for the time when they get retired so that they would get regular pension from it.

Possible situations that can cut into retirement funds are as follows:

1) Accidents : Uncertain accident of an individual can cut into retirement funds as he will have to move his funds towards his recovery first.

2) Health needs : If an individual is suffering from some curable or incurable disease, then all his money will automatically move towards this to cure himself or his belongings.

sladkih [1.3K]3 years ago

6 0

The situations that can cut into retirement funds are accidents, tax liabilities, health needs and Social Security not being properly funded. These are options that can be detrimental to creating a good retirement fund. I hope that this is the answer that has actually come to your desired help.

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Karen and Maria each open a savings account at the same time. They only make deposits into their accounts and do not make withdr

lina2011 [118]

The amount in Maria's account is $79.

The amount in Karen's account is $73.

Step-by-step explanation:

Karen deposits $28 into her account and she deposits $5 each week into her account.

From this given information, the equation can be framed as y = 28+5x ----(1)

where,

y is the total amount deposited.
x is the number of weeks the particular amount is deposited.

The equation for Maria's account is given as y = 7+8x ------(2)

To find the no.of weeks at which they both have same amount of money :

Equating the equations (1) and (2),

⇒ 28 + 5x = 7 + 8x

⇒ 28-7 = 8x-5x

⇒ 21 = 3x

⇒ x = 21/3

⇒ x = 7 weeks

After 7 weeks, the money in the account of Karen & Maria will be same.

To find the amount of money in each girl's account after 2 weeks :

It is given that, you have to calculate amount of money that each girl has in her account 2 weeks after they have the same amount of money in their accounts.

We already know that, it takes 7 weeks for them to have same amount.

So, 7 weeks + 2 weeks = 9 weeks

You have to calculate the amount in each girl's account after 9 weeks.

Karen's account :

Substitute x=9 in eq(1),

⇒ y = 28+5(9)

⇒ y = 28+45

⇒ y = 73

The amount in Karen's account is $73.

Maria's account :

Substitute x=9 in eq(1),

⇒ y = 7+8(9)

⇒ y = 7+72

⇒ y = 79

The amount in Maria's account is $79.

4 0

3 years ago

How do you solve and check x+y=-14 x+8y=-9!!!!(x is a variable)

Lerok [7]

You have to put the equations into slope intercept form/y=mx+b.

7 0

2 years ago

A colony of bees doubles in size every month. If there are initially 5000 bee, create a model for the bee population

Temka [501]

we know that the colony is doubling, namely the rate of growth is 100% of whatever is existent, thus

$\textit{Amount of Population Growth} \\\\ A=Pe^{rt}\qquad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{initial amount}\dotfill &5000\\ r=rate\to 100\%\to \frac{100}{100}\dotfill &1\\ t=\textit{elapsed time}\dotfill &t\\ \end{cases} \\\\\\ A = 5000e^{1\cdot t}\implies \boxed{A = 5000e^t}$

3 0

3 years ago

A girl is 6 years younger than her brother.the product of their ages is 135.find their ages

Vaselesa [24]

Answer:

Brother's age = 15

Sister's age = 9

Step-by-step explanation:

4 0

2 years ago

3x + 3y =15 and x = -3y -1

saul85 [17]

Answer:

(x, y) = (8, -3)

Step-by-step explanation:

You can substitute for x in the first equation:

3(-3y -1) +3y = 15

-6y = 18 . . . . . add 3 and simplify

y = -3 . . . . . . . divide by -6

x = -3(-3) -1 = 8 . . . . find x using the second equation

The solution to this system of equations is (x, y) = (8, -3).

4 0

2 years ago