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Dimas [21]
3 years ago
15

From 1929 through the early 1930s, the prices of consumer goods actually decreased. Economists call this phenomenon deflation. T

he rate of deflation during this period was about 7% per year, meaning that prices decreased by 7% per year. To get a sense of what this rate would mean in the long run, let's suppose that this rate of deflation persisted over a period of 20 years.
What would be the cost after 20 years of an item that costs $400 initially? (Round your answer to the nearest cent.)
$ ______
Mathematics
1 answer:
SOVA2 [1]3 years ago
3 0

9514 1404 393

Answer:

  $93.70

Step-by-step explanation:

The multiplier each year would be (1 -7%) = 0.93. After 20 years, the price would be multiplied by this value 20 times:

  cost = $400 × 0.93^20 ≈ $93.70

After 20 years of 7% deflation, the cost would be $93.70.

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A savings account pays 4 1/2% interest. How much interest
Ghella [55]

Answer:

Interest = $60.75

Amount = $510.75

Step-by-step explanation:

The formula for finding interest is;

Interest = Principal * Rate * Time

And here;

Principal = $450

Rate = 41/2% or 4.5%

Time = 3 years

Interest = \frac{450 * 45 * 3}{1000}

Divided by 100 because of the percentage of the rate but here I made it 1000 because I moved the decimal point in the 4.5 forward once which means I have to add 0 to the denominator.

              = \frac{45*45*3}{100}

             = \frac{6075}{100}

            = $60.75

Now the amount is simply the Principal + Interest which will be;

= $450 + $60.75

= $510.75

6 0
3 years ago
55 miles per hour for 10 hours?
barxatty [35]

Answer:

33000

Step-by-step explanation:

you do 60 times 10 cause theres 60 minutes in an hour and then you get that answer and the times 600 by 55

7 0
3 years ago
Please help needed and thank you
Lelechka [254]
Easy subtract divide than multiply
3 0
3 years ago
Veronica bought 20 bags of candy for a school dance. The first 5 bags cost $1.79 each. The rest of the bags cost $1.19 each.
Mamont248 [21]

Answer:

Your answer is C. 26.8

Step-by-step explanation:

5 × 1.79 = 8.95

15 × 1.19 = 17.85

8.95 + 17.85 = 26.8

3 0
3 years ago
Read 2 more answers
What is the slope of the line y=3
LenaWriter [7]
The slope intercept form of the line is:

y=mx+b, where m=slope and b=y-intercept

In this case y is equal to a constant, which is also the y-intercept and is of the form:

y=k

Note that there is no mx part to that line, so for all values of x, y=3.  And the only value for m that would make mx=0 is for m=0

Since m=0, there is a slope of zero.  This is just a horizontal line.
7 0
3 years ago
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