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 number of short sleeves sold is 42
Step-by-step explanation:
The computation of the number of short sleeves sold is shown below:
Given that
The clothing store sold 98 long sleeve shirts
And, the ratio of short sleeve to long sleeve is 3:7
So, the number of short sleeves sold is
= 98 × 3 ÷ 7
= 42
Hence, the number of short sleeves sold is 42
The value of x would be 4m
Answer:
2nd statement is false
Step-by-step explanation:
Answer:
25% is called a quarter of 900
Step-by-step explanation:
