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Nastasia [14]
3 years ago
5

Why would your savings account “lose value” if the rate of return you receive is lower than the rate of inflation?

Mathematics
1 answer:
DerKrebs [107]3 years ago
3 0

Answer:

Inflation is the continuing reduction of the purchasing power or price level rise in a given time period.

Therefore, keeping money in a savings account that gives an interest rate that is lower than the inflation rate, in a period of high inflation will result in a reduction of the purchasing power of the amount of money plus interest in the savings account.

If the interest rate is 10%, the amount, A, in the account after a given time will be 1.1A

If the inflation rate is 15%, the value of the goods sold initially at A, will become 1.15A after the given period and the amount in the account will no longer be able to purchase the goods it was initially able to purchase, or the amount in the savings account will lose value

Step-by-step explanation:

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Solve this system of equations. <br><br> 12x − 18y = 27 <br> 4x − 6y = 10
kifflom [539]

Answer:

no solution

Step-by-step explanation:

12x − 18y = 27  

4x − 6y = 10

Multiply the second equation by -3 so we can eliminate x

-3(4x − 6y) = 10*-3

-12x +18y = -30

Add the first equation to this new equation

12x − 18y = 27

-12x +18y = -30

------------------------

0 = -3

This is not a true equation, so there is no solution


7 0
3 years ago
Write the equation in standard form for the circle x2+y2–36=0.
Marysya12 [62]

Answer:

x^2 + y^2 = 36

Step-by-step explanation:

Just add 36 to both sides. This is a circle with the center at the origin and radius 6.

3 0
3 years ago
A soft drink manufacturer wishes to know how many soft drinks adults drink each week. They want to construct a 85% confidence in
andreev551 [17]

Answer: 547

Step-by-step explanation: The margin of error formulae is given below as

Margin of error = critical value ×(σ/√n)

Where σ = standard deviation and n is the sample size.

From our question, margin of error = 0.08

Variance is 1.691,

hence σ = √variance = √1.691

= 1.3.

We will be using a z test for our critical value this is because a soft drink manufacturer will always produce drinks more than 30 in numbers.

The critical value for a 85% confidence interval is 1.44.

Hence critical value is 1.44.

By substituting the parameters, we have that

0.08 = 1.44 × 1.3/ √n

0.08 = 1.873/ √n

By cross multiplying

0.08 × √n = 1.873

√n = 1.873/ 0.08

√n = 23.41

n = (23.41)²

n = 547.

7 0
3 years ago
4.5+n is it rational or irrational
nirvana33 [79]

Answer:

4.5 is a rational number, as it can be represented as 9/2. Many important numbers in mathematics, however, are irrational, and cannot be written as ratios.

5 0
3 years ago
What is the modulus of 2 – 3i?
Bas_tet [7]
What is the modulus of 2 – 3i?

8 0
3 years ago
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