Answer:
$677.18
Step-by-step explanation:
Data provided in the question:
Bill’s nominal income in 1990 = $1,009 per month
CPI value in the year 1990 = 149
CPI value in the year 2017 = 192
Now,
The Consumer price index ( CPI ) is given as :
CPI =
thus,
for the given case of year 1990
149 =
or
Real income in 1990 =
or
Real income in 1990 = $677.18
Answer:
Step-by-step explanation:
P=646
R=5%
T=2yrs
I=?
I=PRT/100
I= 646*5*2/100
I= 64.6
Answer:
one gift was $6.40 and the other was $19.20
Step-by-step explanation:
Answer:

Step-by-step explanation:
Given


Required
The equation of the function
The given parameters means that:


Calculate the slope (m)



The equation is then calculated using:

This gives:


Open bracket

Take LCM

