You need to have variables one one side and constants on the other. ax - ax + by = c - ax
by = c - ax
by/b = (c - ax)/b
y = (c - ax)/b
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.
Answer:
x= -5
x= 9
Step-by-step explanation:
Answer:
9:3;27:9;87:27
Step-by-step explanation:
The list goes on but hope that answers your question
<u>Given</u>:
The given function which models the value of Mark’s car, where x represents the number of years since he purchased the car.
We need to determine the approximate value of Mark's car after 7 years.
<u>Value of the car:</u>
The value of the car after 7 years can be determined by substituting x = 7 in the function , we get;
Rounding off to the nearest dollar, we get;
Thus, the approximate value of Mark's car after 7 years is $14278.
Hence, Option a is the correct answer.