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natka813 [3]
3 years ago
10

A Roth IRA is advertised to pay 1.5% annual interest. You researched the rate of inflation to be 1.15% this year. What is the ac

tual or real rate of return on the IRA?
Mathematics
1 answer:
jekas [21]3 years ago
3 0

Answer: 0.35%

Step-by-step explanation:

Given the following :

Advertised interest rate = nominal rate = 1.5%

Inflation rate = 1.15%

The real rate of return is calculated by:

[(1 + nominal rate) / ( 1 + inflation rate)] - 1

[(1 + (1.5/100)) / (1 + (1.15/100))] - 1

[(1 + 0.015) / ( 1 + 0.0115)] - 1

[ 1.015 / 1.0115] - 1

1.0034602 - 1 = 0.0034602

Real rate of return = (0.0034602 * 100)%

Real rate of return = 0.346%

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Dave receives a salary of $200 a week plus a commission of 10% of his weekly sales. An equation y=mx+b represents Dave’s weekly
eduard
<span><u><em>Answer:</em></u>
Dave makes $350 

<u><em>Explanation:</em></u>
In order to find this answer, we must first establish the equation for his earnings.
<u>We use slope intercept form:</u>
 y = mx + b,
where m = slope and b = y-intercept.

Since the problem states that his commission percentage is the slope and his base salary is the y-intercept, we can use them in the equation <u>to get the following: </u>
y = 0.1x + 200.

Now knowing that the x is the amount he sells, we can use the $1500 as x to find his total pay for the week:.
y = 0.1(1500) + 200,
y = 150 + 200,
y = 350. </span>
6 0
3 years ago
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larisa [96]

Answer:

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3 0
3 years ago
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IRINA_888 [86]

Answer:

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5 0
3 years ago
What is the value of x in the equation 1,331x with the exponent of 3 -216 =0
dimulka [17.4K]
The answer is x=6/11.
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4 0
3 years ago
Ann Zoe and Jim bought a present for ben. Ann cooperated with $12 less than Zoe and $16 less than Jim. If the cost of the presen
sergeinik [125]

Let A represent the amount Ann contributed, Z represent Zoe's contribution, and J represent Jim's contribution toward the present.

Ann (A): A

Zoe (Z): A = Z - 12 → Z = 12 + A

Jim (J): A = J - 16 → J = 16 + A

A + Z + J = 154

(A) + (12 + A) + (16 + A) = 154

3A + 28 = 154

3A = 126

A = 42

Ann (A): A = 42

Zoe (Z): Z = 12 + A = 12 + 42 = 54

Jim (J): J = 16 + A = 16 + 42 = 58

Answer: Ann=42, Zoe=54, Jim=58

6 0
3 years ago
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