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:
The answer to your question is 0 < x ≤ 3/14
Step-by-step explanation:
Here are the steps to solve it.
First, you need to solve your inequality step-by-step:
3/x −2 ≥ 12
-2x + 3/x = ≥12
Next, find the critical points of the inequality:
2x + 3/x = 12
−2x + 3 = 12x (Multiply both sides by x)
−2x + 3 − 12x = 12x − 12x (Subtract 12x from both sides)
−14x + 3 = 0
−14x + 3 − 3 = 0 − 3 (Subtract 3 from both sides)
−14x = −3
-14x/ -14 = -3/ -14 (Divide both sides by -14)
So, that gives you your answer:
x = 3/14
Answer:
Step-by-step explanation:
Move −2.
3x+5y−2
The distance between the 2 points is approximately 8.25