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:
Yes
Step-by-step explanation:
16 ÷ 3 = 5.333333...
Answer:
(2.5, -.25)
Step-by-step explanation:
I'm not positive that I know exactly what they want on this one....but since you specifically asked me to look at your other question, I tried.
See pic.
Answer:
This is a reflection about the x-axis.
Step-by-step explanation:
A reflection about the x-axis has the rule
[x,y]-> [x,-y].
Therefore
M[x,y] = [x,-y}
Let M=
|a b|
|c d|
Then the matrix multiplication gives
ax+by=x.............(1)
cx+dy=-y............(2)
Solving the previous equations (1) and (2) gives
a=1, b=0
c=0, d=-1
giving M as
|1 0|
|0 -1|
10 sides 180(10-2) 1800-360=1440/10 = 144