Answer:
13.4%
Step-by-step explanation:
First year:
$10,000*6% = $600
New balance = $10,600
Second Year:
$10,600*7% = $742
$10,600+ $742 = $11,342
Total Return:
Final Balance - Initial balance
$11,342 - $10,000 = $1,342
$10,000*x ÷ $1,342
x = $1,342/$10,000
x = 0.1342
0.134 = 13.4%
Answer:
1.315%
Step-by-step explanation:
Given:
Prices:
Year 1 =old price =$95
Year 2 = new price = $96.25
The inflation rate is the difference in price between two Given period :
Inflation rate :
(Change in price / old price) * 100%
((New price - old price) / old price) * 100%
((96.25 - 95) / 96) * 100%
= (1.25 / 95) * 100%
= 0.0131578 * 100%
= 1.315%
y = mx + b
m: slope
b: y-intercept
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
3x + 9y = 18
-3x -3x
9y = -3x + 18
/9 /9
y = -3/9x + 2 OR y = -1/3 + 2
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
m = -3/9 OR -1/3
b = 2
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
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