We solve the question as follows:
Simple interest=Principle×Rate×Time
Thus given:
p=$55000, R=2.5%, time= 1 year
thus
Interest=55000×0.025×1=$1375
To evaluate the amount required to keep up with the inflation, your interest rate should match the inflation rate otherwise prices are going up faster than the savings.
Required interest rate=55000×0.034×1=$1870
The buying power lost will be the difference between your required interest and actual interest.
Thus:
Buying power lost=1870-1375=$495
The probability is 0.8997.
We will use a z-score to answer this question. z-scores are given by the formula

With our information, we have

Looking this up in a z-table (http://www.z-table.com) we see that the area to the left of this (everything less than, up to this value) is 0.8997.
Answer:
i dont know what level this is
Step-by-step explanation:
Answer: x=10 7/8
Step-by-step explanation:
Subtract 3/4 from both sides. Multiply both sides by 3. Divide both sides by 2 (basically just isolate x on one side of the equal sign).