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
I would say the x intercept is (6,0) and the y intercept is (4,0)
Answer:
B 2/3
Step-by-step explanation:
it's positive 2 over 3
up two and over three
because it's rise over run
so your answer would be the 2nd option or B
I hope this helps! have a nice day/night, blessings, xx, nm <3 :)
