Answer:
Sorry i will do it in a hour i promise
Step-by-step explanation:
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 :)
15. She bought:
3 jeans, $20 each
1 pants, $18
You find the total: 3(20) + 1(18) = $78 then you apply the discount
Since this is between 50-100, you use the 38% discount (decimal form: 0.38)
38% is being subtracted from your total, so you can do this:
100% - 38% = 62% This is your total after the discount
78(0.62) = 48.36 Your answer is C
16. D Income is the $ you make from your job
17. A Budgeting helps you organize and limit your spending and meet financial goals
18. C Liabilities impacts you negatively, since you have debts to pay off
19. A
Answer:
$7
Davon charges $7 per hour of rental
