Answer:
Inflation is the continuing reduction of the purchasing power or price level rise in a given time period.
Therefore, keeping money in a savings account that gives an interest rate that is lower than the inflation rate, in a period of high inflation will result in a reduction of the purchasing power of the amount of money plus interest in the savings account.
If the interest rate is 10%, the amount, A, in the account after a given time will be 1.1A
If the inflation rate is 15%, the value of the goods sold initially at A, will become 1.15A after the given period and the amount in the account will no longer be able to purchase the goods it was initially able to purchase, or the amount in the savings account will lose value
Step-by-step explanation:
Answer:
2/4 3/6 and more
Step-by-step explanation:
the reason is that for and example 2/4 if you divide both the numerator (top) and the denominator (bottom) by 2 it equals 1/2. So 2 divided by 2 is 1 and 4 divided by 2 is 2 . Another example is 3/6 because 3 divided by 3 is 1 and 6 divided 3 is 2.
First lets start by making the denominators the same. I multiplied the 4 by 5 and 10 by 2.
-25/20 = x -14/20
Add 14/20 on both sides (do the opposite to cancel out and whatever you do to one side you need to do to the other.
You should get -11/20 = x
X=1/30
Reduce 6/9 to 2/3, take 2/3 from both sides, then subtract the fractions
