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 :)
What? That doesn't make sence! Any way if you mean 1997 to 2014 how many years.
Answer:
4 t - 7 = 2 t+ 13 is the required equation.
The number of race medals Tara has is t = 20 medals.
Step-by-step explanation:
Let the number of medals Tara has = t medals
So, the number of medal Anita has = 4( Medals of Tara) - 7
= 4t - 7
And the number of medals Gary has = 2 times (Medals of Tara) + 13
= 2(t) + 13 = 2t + 13
Now, Annita and Gary has same number of medals.
⇒ 4t - 7 = 2t+ 13
or, 4t - 2t = 7 + 13
⇒ 2t = 20
⇒ t = 20/2 = 10
or t = 10
Hence, the number of race medals Tara has is t = 20 medals
Y = 48 becuase you travelled the amount of minuets 45 x
Option B: 
is the correct answer.
Explanation:
The exponential equation is 
If 
, then 
Thus, the equation becomes
Applying log rule, 
and thus the equation becomes
Since, we know that, 
, using this we get,
Hence, the logarithmic equation which is equivalent to the exponential equation is
Thus, Option B is the correct answer.
