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neonofarm [45]
3 years ago
12

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

Mathematics
1 answer:
ollegr [7]3 years ago
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.

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WILL GIVE BRAINLIEST ANSWER!!!!
salantis [7]
6x=shelia total deposit
<span> <span> </span> 5y=sherri total
</span><span> <span> </span> sheri is 10 more than shelia so
</span><span> <span> </span> y=10+x
</span><span> <span> </span> and also they deposed same amount total
</span><span> <span> </span> 6x=5y
</span><span> <span> </span> 6x=5(10+x)
</span><span> <span> </span> 6x=50+5x
</span><span> <span> </span> minus 5x both sides
</span><span> <span> </span> x=50
</span><span> <span> </span> y=10+x
</span><span> <span> </span> y=10+50
</span><span> <span> </span> y=60
</span> <span> </span> shelia deposits $50 each and sherri deposits $60 each
50*6=300
60*5=300
300=300



ok answer to questions

Write an equation. Let x represent the amount of one of Sheila’s deposits. and y is the other one, 5x=6y, y=10+x
⦁ Solve the equation. Show your work. see above
⦁ Check your solution. Show your work.
⦁ State the solution in complete sentences. Shelia deposited $50 each time, Sherri deposited $60 each time



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