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:
Step-by-step explanation:
two intersecting lines :- one
one line:- infinite
two parallel lines:- no solution.
Answer:
one solution
Step-by-step explanation:
hmu if you need more help!
A(-1,3), B(-2,5)
Slope equation : (y₂-y₁) / (x₂-x₁)
Plug in the values into the equation.
AB = (5 - 3) / (-2+1)
Simplify.
AB = 2 / -1
AB = -2
So, your slope is -2.
~Hope I helped!~
6.2n-3.7n=85+45
2.5n=130
N=130/2.5
N=52
The answer is B. Hope this helps!
