Ok. you're looking for the slope intercept, or how much each of them had before they started saving. Chris had $27, as that is where his line crossed the y axis, and Connie, when graphed, intercepted at $9. <span />
The slope is 5
the y intercept is -4
slope intercept form is: y=mx+b
M is always the slope, b is the y intercept.
Hope I helped!
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.
Answer:
3, 4, Point R to Point Q, and depression from Point Q to Point R
Step-by-step explanation:
......
Answer:
The answer is "3.329".
Step-by-step explanation:
Please find the complete question in the attached file.
