Answer:xy6
Step-by-step explanation:
Your interest formula is given to you.
Interest in a year = principal (the amount invested) * rate (the interest rate) * period (the time you're measuring)
Interest = 55,000 * 2% * 1 year = 55,000 * 0.02 * 1 = $1,100
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.
Required interest = 55,000 * 3.24% * 1 year = 55,000 * 0.0324 * 1 = $1,782
How much buying power did you lose? The difference between your required interest and your actual interest.
Buying power lost = 1,782 - 1,100 = $682. You lost this much in buying power.
Hope that helped :)
Answer: 84.09%
Step-by-step explanation:
1. 220-30=? ?=185
2. Divide 185 by 220 (as a fraction, 185 out of 220 is 185/220 which also means divide) 185 divided by 220 is about 0.8409
3. Multiply 0.8409 by 100 (since there is two zeros in 100 we can move the decimal to the right twice which gets you 84.09
Answer:
29/100
Step-by-step explanation:
percent actually means per-hundred (cent is a.o. French for hundred).
Answer:
-3.74
Step-by-step explanation:
