We solve the question as follows:
Simple interest=Principle×Rate×Time
Thus given:
p=$55000, R=2.5%, time= 1 year
thus
Interest=55000×0.025×1=$1375
To evaluate the amount required to keep up with the inflation, your interest rate should match the inflation rate otherwise prices are going up faster than the savings.
Required interest rate=55000×0.034×1=$1870
The buying power lost will be the difference between your required interest and actual interest.
Thus:
Buying power lost=1870-1375=$495
Since it says the number x , this means x represents a number , reduced by 25 means that this is most likely half of 25 so whats half of 25%?
well 5 * 5 = 25 , so here is your answer = 5
B 5x+20 hope this helps!!
You first set it up as long division.
Second you would find out how many times 6 goes into 67, so count by 6's until you get close 67.
Third once you get that number you write it on top of the long division and then you would subtract whatever that number is below which is 66 because 6 * 11= 66.
So then you would subtract 67 minus 66 which would be 1. Then go from there and you'll get your answer.
Hope this helps!
