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:
x=3.2
Step-by-step explanation:
Answer:
x=-92 is the answer I hope it helps
Answer:
They exceed their goal by $150.
Step-by-step explanation:
If x = weekday shows and y = weekend shows, then
50(15) + 150(6)
750 + 900 = 1650
1650 - 1500 = 150
-2x·-2x·(-5x·-5x+4x·4x·4x) Basically, you write out the number depending on the exponent. So if you have a power/exponent of 3, you write it out multiplied by itself 3 times. Hope this helps!
