Answer:
D
Step-by-step explanation:
no reason for the question to include his age
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 :)
Answer:
$52
Step-by-step explanation:
5 packages = $32.50
divide both sides by 5
1 package = $6.50
times by 8
8 package = $52
24 units or you can put 7x4 units
Let 'a' be the number of ounces of 2%-solution in the 25-ounce mixture
and 'b' be the number of ounces of 5%-solution in the 25-ounce mixture.
Since, fluid ounces of each concentration should be combined to make 25 fl oz.
So, a+b=25 (Equation 1)
And, a container of 2% acid solution and a container of 5% acid solution should be combined to make 25 fl oz of 3.2% acid solution.
So, a of 2% + b of 5% = 3.2% of 25
Multiplying the above equation by 100, we get
(Equation 2)
Substituting the value of a=25-b in equation 2, we get
Since, a=25-b
a= 25-10
a=15.
So, 15 fluid ounces of 2% solution combined with 10 ounces of the 5% solution to create a 25-ounce mixture at 3.2% concentration of acid.
