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
A roll of 100 pennies is in the shape of a right cylinder. Each penny has a diameter of 0.75 inches and a thickness of 0.04 inch
zalisa [80]

Answer:

  • (B) π(0.75/2)²(4)

Step-by-step explanation:

<u>The volume formula:</u>

  • V = πr²h

<u>Given:</u>

  • d = 0.75 in ⇒ r = d/2 = 0.75/2 in
  • h = 0.04 in

<u>The volume of each penny:</u>

  • V = π(0.75/2)²(0.04)

<u>The volume of 100 pennies:</u>

  • V = 100*π(0.75/2)²(0.04) = π(0.75/2)²(4)

Correct choice is B

6 0
3 years ago
Read 2 more answers
Plz help on 12<br> Will give brainliest
liraira [26]

The sum of 2 complementary angles equals 90 degrees.


If angle 1 and 2 are complementary and angle 1 and 3 are also complementary than angle 2 would have to be the same as angle 3.


The answer would be true.

7 0
3 years ago
Math is so hard man but can someone help me
nataly862011 [7]

Answer:

a

Step-by-step explanation:

7 0
3 years ago
Read 2 more answers
An Xbox has a retail price of $350. Best Buy is offering a 15% discount on the system. How much will the Xbox cost after the dis
arlik [135]

Answer:

About  297.50$

becuase since i actually have an xbox with that same discount i know the answer

7 0
3 years ago
Read 2 more answers
2. Which group of numbers is in size order?
agasfer [191]

Answer:

B. 3.09-3.10-3.2-3.5 is the answer

4 0
3 years ago
Other questions:
  • Simplify : i attatched an image
    15·2 answers
  • Find the area of this parallelogram, Be sure to include the correct unit in your answer,
    14·1 answer
  • When a number is decreased by 43%, the result is 20. What is the original number
    13·2 answers
  • Please try answer the question I put an image in.
    13·2 answers
  • Marian can weed a garden in 3 hrs. Robin can weed the same garden in 4 hrs. If they work together, how long will the weeding tak
    8·1 answer
  • A spinner is spun four times. What is the probability that the spinner lands on 2 each time?
    12·1 answer
  • Find an explicit formula for the arithmetic sequence -5, 13, 31,
    6·1 answer
  • What is the probability that Sarah will not select the queen of hearts?
    6·2 answers
  • Jamel wants to buy a PS 5. He found it for $500
    9·1 answer
  • Seraphina is driving two hours to visit her family For the first hour, she traveled at a speed of 64 mies per hour. Then, in the
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!