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Brilliant_brown [7]
3 years ago
7

Safari 11:02 AM Fri Apr 17

Mathematics
1 answer:
mestny [16]3 years ago
6 0

Answer:

Step-by-step explanation:

Two Angles are Supplementary when they add up to 180 degrees. They don't have to be next to each other, just so long as the total is 180 degrees. Examples: • 60° and 120° are supplementary angles.

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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>

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