Answer:
$33.33
Step-by-step explanation:
Use the formula i = prt, where p is the principal, r is the interest rate as a decimal fraction and t is the elapsed time in years.
Here, i = $500*(0.10)*(2/3 year) = $33.33
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
Answer:
hope it helps you to understand
Answer:
The two odd numbers are 15 and 17
Step-by-step explanation:
Given
<em>Let the odd numbers be represented with x and y</em>
<em>Let x be the greater number</em>
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<em>Required</em>
Find x and y
Since x and y are consecutive odd numbers and x is greater, then

Substitute y + 2 for x in
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Collect Like Terms
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Divide both sides by 6



Substitute 15 for y in 


<em>Hence; the two odd numbers are 15 and 17</em>