1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Inessa05 [86]
3 years ago
14

Help please with this question

Mathematics
1 answer:
choli [55]3 years ago
7 0

Answer:

They lose about 2.79% in purchasing power.

Step-by-step explanation:

Whenever you're dealing with purchasing power and inflation, you need to carefully define what the reference is for any changes you might be talking about. Here, we take <em>purchasing power at the beginning of the year</em> as the reference. Since we don't know when the 6% year occurred relative to the year in which the saving balance was $200,000, we choose to deal primarily with percentages, rather than dollar amounts.

Each day, the account value is multiplied by (1 + 0.03/365), so at the end of the year the value is multiplied by about

... (1 +0.03/365)^365 ≈ 1.03045326

Something that had a cost of 1 at the beginning of the year will have a cost of 1.06 at the end of the year. A savings account value of 1 at the beginning of the year would purchase one whole item. At the end of the year, the value of the savings account will purchase ...

... 1.03045326 / 1.06 ≈ 0.9721 . . . items

That is, the loss of purchasing power is about ...

... 1 - 0.9721 = 2.79%

_____

If the account value is $200,000 at the beginning of the year in question, then the purchasing power <em>normalized to what it was at the beginning of the year</em> is now $194,425.14, about $5,574.85 less.

You might be interested in
Solve this inequality.<br> 8x + 6 x 54
sergeinik [125]
8x+324 is the answer, all you have to do is multiple 6 times 54
4 0
3 years ago
Read 2 more answers
Will you pack all 106 cookies if each package has two cookies
MrRissso [65]

Answer:

53 packages

Step-by-step explanation:

3 0
2 years ago
A cone has a height of 8 yards and a radius of 3 yards. What is its volume?
alina1380 [7]
<h3>Given:</h3>
  • h= 8 yd
  • r= 3 yd
<h3>Note that:</h3>
  • h= Height
  • r= Radius
<h3>To find:</h3>

The volume of the given cone.

<h3>Solution:</h3>

\large\boxed{Formula:V= \frac{1}{3}\pi{r}^{2}h}

\large\boxed{\red \pi \red = \red 3 \red . \red 1 \red 4}

Let's solve!

Substitute the values according to the formula.

V= \frac{1}{3}×3.14×{3}^{2}×8

\large\boxed{V= 75.36 \: {yd}^{3}}

<u>Therefore, the volume of the given cone is 75.36 cubic yards.</u>

7 0
1 year ago
Match the expressions with rational exponents to their simplified forms.
Misha Larkins [42]

do it yourself

Step-by-step explanation:

6 0
2 years ago
Equivalent expressions of z+(z+6)
Gennadij [26K]

Answer:

2z+6 or 2(z+3) are the equivalent expressions

Step-by-step explanation:

z+(z+6)

opening the brackets

z+z+6

=2z+6

or if we take 2 as common the answer is

=2(z+3)

i hope this will help you :)

3 0
3 years ago
Read 2 more answers
Other questions:
  • . -2x + 9x<br> Simply the expression
    13·2 answers
  • Is 4 gallons smaller than 17 qt?
    10·2 answers
  • The length of a rectangular sandbox is
    15·1 answer
  • Wang Yan drove her truck. The fuel remaining in the truck's tank
    10·2 answers
  • Kylie borrowed a book from a library. The library charged a fixed rental for the book and a late fee for every day the book was
    12·1 answer
  • One experiment had 10 players spinning, another experiment had 100 players spinning. Which experiment is more likely to come clo
    12·1 answer
  • This table shows how the cost of Dana’s birthday party depends on the number of guests. What is the price per guest?
    13·1 answer
  • Anyone who knows this mathematic question.to help please. Am giving the brainliest.
    9·1 answer
  • Evaluate A^2 for A = 2.3.
    14·2 answers
  • EASY 9TH GRADE MATH
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!