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Lana71 [14]
3 years ago
12

A consumer survey conducted in two consecutive years determined that a fixed baskets of goods and services cost $95.00 in year 1

and $96.25 in year 2.
The rate of inflation from year 1 to year 2 is ___ %.

Fill in blank.
Mathematics
1 answer:
Gnesinka [82]3 years ago
3 0

Answer:

1.315%

Step-by-step explanation:

Given:

Prices:

Year 1 =old price =$95

Year 2 = new price = $96.25

The inflation rate is the difference in price between two Given period :

Inflation rate :

(Change in price / old price) * 100%

((New price - old price) / old price) * 100%

((96.25 - 95) / 96) * 100%

= (1.25 / 95) * 100%

= 0.0131578 * 100%

= 1.315%

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You deposit $2000 each year into an account earning 3% interest compounded annually. How much will you have in the account in 25
kozerog [31]

This is what I get.  Total will be 4187.56 with  Interest 2187.56.   By using the formula: To find amount : A=p (1+r/n)^n×t Where P=2000,r=3%,n=1,t=25 So plug in and solve  A=2000(1+0.03/1)^1×25   To find interest you use formula  A=p+I A=4187.56, p=2000,i= we need to find. 4187.56=2000+I 4187.56-2000=I 2187.56=i

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Step-by-step explanation:

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7 0
3 years ago
if a coin is tossed 4 times, the odds of it coming up either heads every time or tails every time are 1:7.What is the probabilit
ivanzaharov [21]

Answer:

1

Explanation:

From the question, we have it that the probability of heads coming up every time or tail coming up every time is 1:7 if the coin is tossed in 4 tosses

What this means is that we have a probability of 1/8 of head showing up and a probability of 7/8 that a tail will show up in each toss of the coin

For four throws, it means all four are heads or all four are tails

If all four are heads, we have the probability of this happening as:

\text{ (}\frac{1}{8})^{}

if all four are tails, we have the probability as:

\frac{7}{8}

Now, the probability of either heads or all tails after 4 tosses will be:

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8 0
2 years ago
Noelle and Micah went to the bank to open new checking accounts. The equation C=0.2n+1.20 represents the monthly cost, C, in dol
Kaylis [27]

Answer:

C = $2.40

n = 6

Step-by-step explanation:

For Noelle,

Equation that represents the monthly cost 'C',

C = 0.2n + 1.20

Here, n = number of checks written in a month

For Micah,

Monthly cost for writing checks 'C' = $1.20

Number of checks 'n' = 3

Since, Cost of writing checks ∝ Number of checks written

C' ∝ n

C' = kn

k = \frac{C'}{n}

Here, k = proportionality constant

For C' = 1.2 and n = 3

k = \frac{1.2}{3}

k = 0.4

Equation will be,

C' = 0.4n

For any month C = C'

Therefore, 0.2n + 1.20 = 0.4n

0.4n - 0.2n = 1.20

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For n = 6,

C = 0.2(6) + 1.20

C = $2.40

Cost of writing checks = $2.40

7 0
3 years ago
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