Why might some 20-year-olds have difficulty investing $360 per month for retirement?

2 answers:

8 0

Because they need the money for other necessities such as paying rent, insurance, living expenses, transportation, and even paying for college and books for college. and it’s likely they are making minimum wage if they have a job so it is hard to keep up and pay that much per month

Vitek1552 [10]2 years ago

8 0

As one myself, It’s terribly hard because I need to pay for my college which I invest 3k every 2 and a half months in, plus my rent which luckily I have roommates that help with that. Plus with the lack of time I rarely get a chance to cook for myself so I end up ordering in ( i spend probably 250$ a month on junk food) and with a pandemic going on it is extremely hard to find a job which I can balnce with my school life

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According to the statement, the Newton's law of cooling is defined by the following formula:

$T(t) = T_{s} + (T_{o}-T_{s})\cdot e^{-k\cdot t}$ (1)

Where:

$T_{s}$ - Final temperature, in degrees Celsius.
$T_{o}$ - Initial temperature, in degrees Celsius.
$t$ - Time, in minutes.
$k$ - Cooling rate, in $\frac{1}{min}$ .
$T(t)$ - Current temperature, in degrees Celsius.

Please notice that substance reaches thermal equilibrium when $T(t) = T_{s}$ , that is when temperature of the substance is equal to the temperature of surrounding air.

If we know that $T_{o} = 80\,^{\circ}C$ , $t = 15\,min$ , $T_{s} = 50\,^{\circ}C$ and $T(15) = 60\,^{\circ}C$ , then the cooling rate of the substance is: