Answer:
Inflation is the continuing reduction of the purchasing power or price level rise in a given time period.
Therefore, keeping money in a savings account that gives an interest rate that is lower than the inflation rate, in a period of high inflation will result in a reduction of the purchasing power of the amount of money plus interest in the savings account.
If the interest rate is 10%, the amount, A, in the account after a given time will be 1.1A
If the inflation rate is 15%, the value of the goods sold initially at A, will become 1.15A after the given period and the amount in the account will no longer be able to purchase the goods it was initially able to purchase, or the amount in the savings account will lose value
Step-by-step explanation:
Answer:
x = 8
Step-by-step explanation:
x + 2 = 10
x = 10 - 2
x = 8
8 + 2 = 10
Answer:
y=
Step-by-step explanation:
Answer:
California July 31, 2013 This article is more than 2 years old. Last week, after the Nexus 7 ... I think it's always a mistake to assume that technology will be static.
Step-by-step explanation:
hope i helped:)
Answer:
They will win 48 games in a 120 game season.
Step-by-step explanation:
The team won 20 games out of 50; that is a 20:50 ratio, that is equal to x:120. x is the amount of games won in the 120 game season.
Set up the ratios like this:
= 
cross multiply the numerators and denominators to get this:
20*120 = 50x
solve for x:
2,400 = 50x
x = 48
