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Karolina [17]
3 years ago
10

You have $44000 in a savings account that pays 2% annual interestand the inflatation rate is 3.24%. How much buying power in dol

lars will you lose in one year because of inflation?
Mathematics
1 answer:
puteri [66]3 years ago
4 0
At the end of the year ...
   the price will be 44,000*1.0324 = 45,425.60
   the bank balance will be 44,000*1.02 = 44,880.00

This is 545.60 fewer dollars than required to pay the price.

You lose $545.60 in current-year buying power.
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Can someone help me with this i got the question wrong the first time so its not 7.50
Sedaia [141]

Answer: $7.6502

Step-by-step explanation:

Grape cost $1.19 per pound. 3.16 pounds are bought. The total amount paid for grape will be:

= $1.19 × 3.16

= $3.7604

Peaches cost $1.29 per pound. 1.35 pounds are bought. The total amount paid for peaches will be:

= $1.29 × 1.35

= $1.7415

Peers cost $0.99 per pound. 2.17 pounds are bought. The total amount paid for pears will be:

= $0.99 × 2.17

= $2.1483

Total bill paid will be:

= $3.7604 + $1.7415 + $2.1483

= $7.6502

4 0
3 years ago
1. Write 1/5 as a decimal
bija089 [108]

Answer:

1.5

1.5%

10/0

7/20

35.1%

8.20%

8.20

Step-by-step explanation:

there u go

7 0
3 years ago
Use the standard norml distribution or the t-distribution to construct a 99% confidence interval for the population mean. Justif
dalvyx [7]

Answer:

E) we will use t- distribution because is un-known,n<30

the confidence interval is (0.0338,0.0392)

Step-by-step explanation:

<u>Step:-1</u>

Given sample size is n = 23<30 mortgage institutions

The mean interest rate 'x' = 0.0365

The standard deviation 'S' = 0.0046

the degree of freedom = n-1 = 23-1=22

99% of confidence intervals t_{0.01} =2.82  (from tabulated value).

The mean value = 0.0365

x±t_{0.01} \frac{S}{\sqrt{n-1} }

0.0365±2.82 \frac{0.0046}{\sqrt{23-1} }

0.0365±2.82 \frac{0.0046}{\sqrt{22} }

0.0365±2.82 \frac{0.0046}{4.690 }

using calculator

0.0365±0.00276

Confidence interval is

(0.0365-0.00276,0.0365+0.00276)

(0.0338,0.0392)

the mean value is lies between in this confidence interval

(0.0338,0.0392).

<u>Answer:-</u>

<u>using t- distribution because is unknown,n<30,and the interest rates are not normally distributed.</u>

4 0
3 years ago
20 points show work pls im in a hurry
Gwar [14]

Answer: since it doesnt say 620 is included , we can conclude that x>620, not x>=620 so the 8th week would be cut just short, so answer is 7

aka

fewer than 8 weeks

Step-by-step explanation:

1200-620=580

580/72.50=8

8 0
3 years ago
Answer to cheek your knowledge
ivolga24 [154]

Answer:

A

Step-by-step explanation:

vertical angles congrunet (angleFJH + angle GJI)

& (angleHFJ + angle JGI congruent)

3 0
3 years ago
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