Your interest formula is given to you.
<span>Interest in a year = principal (the amount invested) * rate (the interest rate) * period (the time you're measuring) </span>
<span>Interest = 55,000 * 2% * 1 year = 55,000 * 0.02 * 1 = $1,100 </span>
<span>How much would you need to have made for your spending power to keep with inflation? Your interest rate would have needed to match the inflation rate, otherwise, prices are going up faster than you're saving. </span>
<span>Required interest = 55,000 * 3.24% * 1 year = 55,000 * 0.0324 * 1 = $1,782 </span>
<span>How much buying power did you lose? The difference between your required interest and your actual interest. </span>
<span>Buying power lost = 1,782 - 1,100 = $682. You lost this much in buying power. </span>
Answer:
5.7
Step-by-step explanation:
3x+4 = 21
3x = 17
x = 5.666667 = 5.7
Answer:
Infinite
Step-by-step explanation:
Get both in the form y = first.
12x - 4y = -8
-4y = -8 - 12x
y = 2 + 3x
y = 3x + 2
These are the same line so all points are the same so that means there are infinite answers.
If ONLY the number in front of the x was the same there would be 0 answers, they would be parallel lines, and if the number in front of the xs were different there would only be one answer.
Answer:
The answer is 1.3, 1 3/10
