At the end of the year ...
the price will be 44,000*1.0324 = 45,425.60
the bank balance will be 44,000*1.02 = 44,880.00
This is 545.60 fewer dollars than required to pay the price.
You lose $545.60 in current-year buying power.
To make this a fraction, let's put
. We can divide both top and bottom by 6, leaving us with
. This is as far as we can reduce it, making it your answer. I hope this helps!
Answer:
16*4+2.50
Step-by-step explanation:
Let the distance of Judy from intersection is x and distance of Jackie from intersection is y.
We convert the given information to equations, step by step.
Point 1: When Jackie is 1 mile farther from the intersection than Judy.
This means y is 1 mile more than x.
So,
y = 1 + x
Point 2: The distance between them is 2 miles more than Judy’s distance from the intersection.
Distance between is x+ y.
So, x+y is 2 miles more than y.
x+y = y + 2
⇒
x = 2
From point 1 we have:
y = 1 + x = 1+ 2 = 3
So,
Distance of Judy from intersection is 2 miles and distance of Jackie from intersection is 3 miles.
