Answer: The answer is the 3rd one
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:
p = 8000 + 2(6000)
20000
Step-by-step explanation:
Given that:
Profit in 1988 = 6000
Profit in 2003 = 8000 more Than double the profit made in 1998
Hence profit in 2003 (p) can be expressed as :
p = 8000 + 2(6000)
Hence profit in 2003
p = 8000 + 12000
p = 20,000
Answer:
I think it's C
Step-by-step explanation:
4 divided by 12 -3+4 divided by 6+3 divided by 4
