We solve the question as follows:
Simple interest=Principle×Rate×Time
Thus given:
p=$55000, R=2.5%, time= 1 year
thus
Interest=55000×0.025×1=$1375
To evaluate the amount required to keep up with the inflation, your interest rate should match the inflation rate otherwise prices are going up faster than the savings.
Required interest rate=55000×0.034×1=$1870
The buying power lost will be the difference between your required interest and actual interest.
Thus:
Buying power lost=1870-1375=$495
Answer:
0.0487804878
Step-by-step explanation:
the answer will be 5 because it starts at 0.
Answer:
288
Step-by-step explanation:
There are 8 fluid ounces in a cup so that would equate to
8 x 36 = 288
288 fluid ounces a minute
Answer:
i dont understand, can you elaborate
Step-by-step explanation:
Oh this question is kinda tricky. At first glance it’s 1 : 1.5 but notice the units. The model car is 10 inches long and the actual car is 15 feet long.
I think you know where to go from there, but 15 feet * 12 inches = 180 inches.
10 : 180 simplifies to 1 : 18 inches