Your interest formula is given to you.
<span>Interest in a year = principal (the amount invested) * rate (the interest rate) * period (the time you're measuring) </span>
<span>Interest = 55,000 * 2% * 1 year = 55,000 * 0.02 * 1 = $1,100 </span>
<span>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. </span>
<span>Required interest = 55,000 * 3.24% * 1 year = 55,000 * 0.0324 * 1 = $1,782 </span>
<span>How much buying power did you lose? The difference between your required interest and your actual interest. </span>
<span>Buying power lost = 1,782 - 1,100 = $682. You lost this much in buying power. </span>
Answer:
11, 15
Step-by-step explanation:
A: -3/4
Rise/Run
3 is the rise
4 is the run
X. Y
12 —> 4
8 —> 8/3
13 —> 13/3
Substitute x values for y.
y = 1/3(12)
y=4
Answer:
Equivalent fraction of a given fraction is got by multiplying or dividing its numerator and denominator by the same whole number. For example, if we multiply the numerator and denominator of 2/3 by 4 we get. 2/3 = 2×4 / 3×4 = 8/12 which is an equivalent fraction of 2/3.
Step-by-step explanation:
