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:
495
Step-by-step explanation:
In order to find the sum of the first 18 terms you have to find the 18th term and the first term using the equation given.
a1=3(1)-1 a1=2
a18=3(18)-1 a18= 53
Then plug in 53 for an, 18 for n, and 2 in for a1 in the sum equation: Sn=n/2(a1+an)
Sn=18/2(2+53) Solve for sn= 495
66 is the answer
76+ 38= 114
114+ 66 = 180
Answer:
a) 25 is 3 standard deviation from the mean
b) Is far away from the mean, only 0,3 % away from the right tail
c) 25 is pretty close to the mean (just a little farther from 1 standard deviation)
Step-by-step explanation:
We have a Normal Distribution with mean 16 in.
Case a) we also have a standard deviation of 3 inches
3* 3 = 9
16 (the mean) plus 3*σ equal 25 in. the evaluated value, then the value is 3 standard deviation from the mean
Case b) 25 is in the range of 99,7 % of all value, we can say that value is far away from the mean, considering that is only 0,3 % away from the right tail
Case c) If the standard deviation is 7 then
mean + 1*σ = 16 + 7 =23
25> 23
25 is pretty close to the mean only something more than 1 standard deviation