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 :)
To convert a mixed number to its lowest form, one needs to change the mixed number into an improper fraction and then reduce this improper fraction to the lowest possible fraction. To do these conversions, one needs to perform a few calculations. One also has to understand the definitions of "mixed number," "improper fraction" and "proper fraction."
A proper fraction is a fraction that has a lower number in the numerator and a higher number in denominator, such as the fraction three-fourths. An improper fraction is the inverse of this, which entails the higher number in numerator and lower number in the denominator, like 5/3. A mixed number is a whole number with a fraction, such as 1 3/4.
To convert the mixed number 1 3/4, one has to multiply the denominator 4 by the whole number 1 that gives 4, add this 4 to the 3 in the numerator to get 7 and place 7 over the denominator to find the improper fraction 7/4. In this case, this is the lowest form for this mixed number. However, if the mixed number is 6 4/6, then this converts to the improper fraction 40/6. One can divide the numerator and denominator of 40/6 by 2 to find that 20/3 is the lowest form for the mixed number 6 4/6.To convert a mixed number to its lowest form, one needs to change the mixed number into an improper fraction and then reduce this improper fraction to the lowest possible fraction. To do these conversions, one needs to perform a few calculations. One also has to understand the definitions of "mixed number," "improper fraction" and "proper fraction."
Answer:
in 13.95 years the senior class will have 100 students.
Step-by-step explanation:
P(h) = p(0.92)^t (equation for exponential change)
P(h) - population of highschool (or senior class) = 100
p - staring amount = 320
t = time in years
100 = 320(0.92)^t
1/3.2 = .92^t (divide both sides by 320)
log(1/3.2, .92) = t (log base 0.92 of 1/3.2 equals t)
13.9497 = t
Answer:
134°
Step-by-step explanation:
∠BAC = ∠BCA because it is an isosceles triangle
∠XCA = ∠XAC . Congruent angles
∠XAC = 1/2(46) = 23° . because CE bisects ∠ C
∠XCA = 23°
180° - 23° - 23° = 134° . Sum of all angles in a triangle is 180°
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-Chetan K
