2 years ago

How does saving money in an account with compound interest help protect you from inflation?

1 answer:

7 0

Answer:

Inflation is caused by the increase in prices of goods, and as prices of goods rise, the value of money itself would decrease. By saving money in a savings account with interest that might be equal or more than the level of inflation, your money would increase, which protects you from the devaluation of the savings you hold and the rising prices of goods.

You might be interested in

What scale factors equals 0 .75

Xelga [282]

Answer: 3/4

Step-by-step explanation: 3/4 equals .75

6 0

3 years ago

Use a table to find a z-score that fits the given conditions. Interpolate if necessary.

kotegsom [21]

<span>After deeply looking at the table it seems
z= .05
which means only 52% is less than Z

so, that is greater than z by 48%</span>

7 0

3 years ago

which of the following is a statistical question ?a.how old are you ? B.do you play softball ?C.how tall are you ? D.how old are

sleet_krkn [62]

Answer is D.How old are the players on your softball team.

8 0

2 years ago

Read 2 more answers

The speed of light is 186,182 miles per second. How many miles can light travel in a non-leap year? Express your answer in scien

zepelin [54]

So theres 366 days in a leap year,
you need to find hours, minutes, and then seconds
366 x 24 = 8,784 hours
8,784 x 60 = 527,040 minutes
527,040 x 60 = 31,622,400 seconds
31,622,400 seconds x 186,182 mps = 5.88 x 10^10
therefore light travels 5.88 x 10^10 in one leap year

7 0

2 years ago

I need help please:):)

andrey2020 [161]

Answer:

(0,0)

Step-by-step explanation:

y value divided by x value for slope, then use desmos

4 0

2 years ago