Suppose you’ll have an annual nominal income of $40,000 for each of the next three years, and the inflation rate is 5 percent pe
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The area of the rectangle is units.
Step-by-step explanation:
Step 1:
The area of a rectangle is obtained by multiplying the length with the width of the rectangle.
Considering this a whole rectangle, the length of the rectangle is 5 units and the width is the sum of ,
, and -6.
So the length of the rectangle = 5 units and
the width of the rectangle units.
The area of a rectangle = (length)(width).
Step 2:
By substituting the known values, we get
The area of the rectangle
So the area of the rectangle is units.