Answer:
Correct option: c) infinitely many solutions
Step-by-step explanation:
We have an equation with two variables, so as we have a system with less equations (just one) than variables (two), we have an infinite number of solutions.
To find some solutions, we can choose values for x and then just calculate the value of y:
x = 0:
-11y = 10 -> y = -10/11
x = 1:
3 - 11y = 10 -> y = -7/11
x = 2:
6 - 11y = 10 -> y = -4/11
And so on.
So the correct option is c): infinitely many solutions
Answer:
people who live in a place
Step-by-step explanation:
duh
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 :)
