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:
106
Step-by-step explanation:
I am almost 100% sure that that is the correct answer, it's been a long time since I have worked with exponents lol.
Hope this helps and please feel free to comment, give feedback, ask questions, and correct me if I am wrong!
Have a great day!
:)
<h2><u>Problem Solving</u>:-</h2>
2. The table below shows that the distance d varies directly as the time t. Find the constant of variation and the equation which describes the relation.
<h2><u>Solution</u>:-</h2>
Since the distance d varies directly as the time t, then d = kt.
Using one of the pairs of values, (2, 20), from the table, substitute the values of d and t in d = kt and solve for k.
<h2><u>Answer</u>:-</h2>
- Therefore, the constant of variation is 10.
What word? Be more specific please
Answer:
4/7
Step-by-step explanation:
