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:what equation
Step-by-step explanation:
Answer:
I believe it would be true
f(x) is a linear function with no restrictions
Domain: x = All real numbers
Range: y = All real numbers
Answer:
Step-by-step explanation:
do the proportion ...
1 inch/ 80 miles =x inch/ 1100 miles
1100= 80x
x=1100/80=13.75
The trip would be about 13.75 inches on the map
hope this will help u
