The nominal value - without discounting the inflation rate - of income was $ 3000.
If the interest rate was 6%, a rule of three is enough to find the value of the original investment.
3000 - 6%
x - 100%
x = 50,000
The value of the investment was $ 50,000
In this case, the inflation rate also requires a simple calculation.
Inflation corroded $ 1000 dollars of income of $ 3000
Therefore the inflation rate will be 1000/3000 = 33.3%
Answer:
x = 200
Step-by-step explanation:
Plug in 15 as y into the equation and solve for x:
1/5x - 2/3y = 30
1/5x - 2/3(15) = 30
1/5x - 10 = 30
1/5x = 40
x = 200
So, when y = 15, x = 200
Answer: 8 is the answer
Step-by-step explanation:
