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:
28%
Step-by-step explanation:
Answer:
maybe 14 or 15 im not good with this stuff im in 8th grade and im very very behind a lot im prob gonna delete this app cuz I dont understand anything
100 divided by 7 is 14 r 2, so there are 2 left over
Answer: 0
Step-by-step explanation:
To find slope, I found that an easy way is the equation y2 - y1 over (divided by) x2 - x1
so for this, it would be:
which is 0/7
0 divided by 7 is 0, so there is your answer