The average rate of change of credit card is $ 401.79 /year.
<h3>
What is Average Rate?</h3>
- A single rate that is a weighted average of the different rates that are applicable to property in various locations.
- An average is a single number calculated as the average of a set of numbers, typically calculated as the sum of the numbers divided by the total number of numbers in the set (the arithmetic mean).
<u>Solution</u>
The difference of credit card debt between the year 2006 and 1992 = 8900 - 3275 = $5625
The difference of years between the year 2006 and 1992 = 2006 - 1992 = 14
average rate of change of credit card debt with respect to time =
average rate = = $ 401.79 / year
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<span>If interest rates are at a level of 1% and expected inflation is 2%, it would be preferable to spend your money instead of saving it.
</span>Suppose<span> you have $100 and you save it in a savings account
that pays a 1% interest rate. After a year, you will have $101 in your
account.
During this period, if inflation runs 2%, you would have to
have $102 to make up for the impact of higher prices.
Since you will
only have $101 in your account, you have actually lost some purchasing
power.
If your savings don’t grow to reflect this rise in prices over
time, the effect will be as though you are actually losing money.
This means that if you have $100 which you can use to buy a TV set, and you saved the money instead is a savings account that pays 1% interest.
After 1 year, because of inflation of 2%, the TV set now costs $102 whereas the money in your bang account wil be $101.
Thus, you actually need to get an extra $1 from somewhere to fund the TV set you could have been able to buy a year ago.
</span>
Step-by-step explanation:
Is there a image or any numbers because I can't see any
Answer:(-1,1) - (4,4)
Step-by-step explanation:
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Answer: $290.28
Step-by-step explanation:
To find tip, you need to multiply the cost ($246) by the desired tip amount in a decimal (0.18). 246*0.18<em>=</em>44.28
Once you have done that add that number to the cost. $246+$44.28=$290.28
If you don't know how to convert a percent to a decimal, you divide the percent by 100.