Your interest formula is given to you.
Interest in a year = principal (the amount invested) * rate (the interest rate) * period (the time you're measuring)
Interest = 55,000 * 2% * 1 year = 55,000 * 0.02 * 1 = $1,100
How much would you need to have made for your spending power to keep with inflation? Your interest rate would have needed to match the inflation rate, otherwise prices are going up faster than you're saving.
Required interest = 55,000 * 3.24% * 1 year = 55,000 * 0.0324 * 1 = $1,782
How much buying power did you lose? The difference between your required interest and your actual interest.
Buying power lost = 1,782 - 1,100 = $682. You lost this much in buying power.
Hope that helped :)
Factors: Numbers that can multiply into a certain number.
The factors of 45 are:
1 (x 45)
3 (x 15)
5 (x 9)
9 (x 5)
15 (x 3)
1 (x 45)
Answer:
I don't see any attachment!
Step-by-step explanation:
Answer:
See the attached
Step-by-step explanation:
The solution and filled in Venn diagram is attached
3.8 x 3.8 x 3.8 x 3.8 x 3.8 x 3.8 = 3010.9363843010.936384 x 10 = 30109.36384
30109.36384 = 3.01094 × 10^<span>4
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hope this helps
