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:
24
Step-by-step explanation:
no explanation, I'm very sorry!
Answer:
12.50x less than or equal to $200
Step-by-step explanation:
Answer:
(1,-6)
Step-by-step explanation:
4x - y = 10
4x -(-6) = 10
4x + 6 = 10
- 6 - 6
4x = 4
/4 /4
x = 1
(x, y) -> (1,-6)
Check your answer:
4x - y = 10
4(1) - (-6) = 10
4 + 6 = 10
10 = 10
This statement is correct
Hope this helps!
Answer:
1.58 is the answer
Step-by-step explanation:
