Answer:
They lose about 2.79% in purchasing power.
Step-by-step explanation:
Whenever you're dealing with purchasing power and inflation, you need to carefully define what the reference is for any changes you might be talking about. Here, we take <em>purchasing power at the beginning of the year</em> as the reference. Since we don't know when the 6% year occurred relative to the year in which the saving balance was $200,000, we choose to deal primarily with percentages, rather than dollar amounts.
Each day, the account value is multiplied by (1 + 0.03/365), so at the end of the year the value is multiplied by about
... (1 +0.03/365)^365 ≈ 1.03045326
Something that had a cost of 1 at the beginning of the year will have a cost of 1.06 at the end of the year. A savings account value of 1 at the beginning of the year would purchase one whole item. At the end of the year, the value of the savings account will purchase ...
... 1.03045326 / 1.06 ≈ 0.9721 . . . items
That is, the loss of purchasing power is about ...
... 1 - 0.9721 = 2.79%
_____
If the account value is $200,000 at the beginning of the year in question, then the purchasing power <em>normalized to what it was at the beginning of the year</em> is now $194,425.14, about $5,574.85 less.
No! 1 yard is only 3 feet tall.
5x can be written as x + x + x + x + x
6 = 2(x + 8) - 5x
6 = 2x + 16 - 5x
6 = 16 - 3x
3x = 16 - 6 = 10
x = 10/3
Answer:
The probability of randomly picking a red candy is 1/20 and In percentage value 5%
Step-by-step explanation:
There are 5 blue candies, 6 red candies, and 9 yellow candies.
Now, Total
5 + 6 + 9 = 20 candies
Now, The probability of randomly picking a red candy is 1/20
Now, In percentage
1/20 × 100% = 5%
Thus, The probability of randomly picking a red candy is 1/20 and In percentage value 5%.
<u>-TheUnknownScientist</u>
