Your interest formula is given to you.
<span>Interest in a year = principal (the amount invested) * rate (the interest rate) * period (the time you're measuring) </span>
<span>Interest = 55,000 * 2% * 1 year = 55,000 * 0.02 * 1 = $1,100 </span>
<span>How much would you need to have made for your spending power to keep with inflation? Your interest rate would have needed to match the inflation rate, otherwise, prices are going up faster than you're saving. </span>
<span>Required interest = 55,000 * 3.24% * 1 year = 55,000 * 0.0324 * 1 = $1,782 </span>
<span>How much buying power did you lose? The difference between your required interest and your actual interest. </span>
<span>Buying power lost = 1,782 - 1,100 = $682. You lost this much in buying power. </span>
Answer:
this question doesnt make sense as its like half of it
(105^3) * (105^3).....keep the base and add the exponents
Answer:
Step-by-step explanation:
<u><em>The correct question is</em></u>
what is the equation for a line passing through (-2,3) and perpendicular to y= -1/2<em>x</em>+1 ?
Remember
If two lines are perpendicular, then their slopes are opposite reciprocal (the product of their slopes are equal to -1)
The slope of the given line is m=-1/2
so
the opposite reciprocal is m=2
<em>Find the equation of the line in point slope form</em>
we have
substitute
<em>Convert to slope intercept form</em>
isolate the variable y
