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:
0.36 = 36/100 = 9/25
so the simplest form is 9/25
Answer:
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Step-by-step explanation:
necesito acabar la creación de cuenta
9.66 - you just multiple 6 by 1.61
Answer:
4.5 inches
Step-by-step explanation:
To find the height in inches of the model, you need to change the ration into a fraction:
Then try to figure out the value of the denominator in terms of the ratio:
In this equation we need to figure out how much the denominator of the fraction is changing by, by dividing 725 by 50. Then, multiply that by one:
