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 :)
Answer:
Quadratic
Step-by-step explanation:
A linear equation is just a line and an exponential function goes in the same direction
A quadratic us a parabola which has a turning point
Working Principle: Stratified Random Sampling
nx = (Nx/N)*n
where:
nx = sample size for stratum x
Nx = population size for stratum x
N = total population size
n = total sample size
Given:
Nx = 100
N = 1000
n = 0.5*(1000) = 500
Required: Probability of Man to be selected
Solution:
nx = (Nx/N)*n
nx = (100/1000)*500 = 50 men
ny = (Nx/N)*n
ny = (100/1000)*500 = 50 women
Probability of Man to be selected = nx/(nx + ny)*100 = 50/(50+50)*100 = 50%
<em>ANSWER: 50%</em>
Answer:
C
Step-by-step explanation:
Just took it
When you have this type of problem, you need to combine the like-terms and isolate the variable.
3x + 122 = 22x - 11
Add 11 to both sides to get rid of it
3x + 122 + 11 = 22x - 11 + 11 (-11 + 11=0)
3x + 133 = 22x
Then you would bring the 3x to the other side, so subtract 3x from both sides
3x + 133 = 22x
-3x -3x
133 = 22x - 3x
133 = 19x
Then divide both sides by 19 to isolate x
133/19 = 19x/19
133/19 = 7, so x = 7
Hope this helps!!
