Your interest formula is given to you.
Interest in a year = principal (the amount invested) * rate (the interest rate) * period (the time you're measuring)
Interest = 55,000 * 2% * 1 year = 55,000 * 0.02 * 1 = $1,100
How much would you need to have made for your spending power to keep with inflation? Your interest rate would have needed to match the inflation rate, otherwise prices are going up faster than you're saving.
Required interest = 55,000 * 3.24% * 1 year = 55,000 * 0.0324 * 1 = $1,782
How much buying power did you lose? The difference between your required interest and your actual interest.
Buying power lost = 1,782 - 1,100 = $682. You lost this much in buying power.
Hope that helped :)
Well then you just do 15-6 right?
whats so hard bout this question?
brainliest would help
Answer:
B) The heights of the bear should equal the class frequency.
Step-by-step explanation:
In drawing a histogram, the heights of the bear should equal the class frequency. as in histogram height of bar represent the frequency density and it´s area represent the frequency of class interval. Frequency distribution are represented by mean of rectangle. Earlier in the bar graph, width of bar does not represent any information, however, histogram´s bar width represent class interval.