Your interest formula is given to you.
<span>Interest in a year = principal (the amount invested) * rate (the interest rate) * period (the time you're measuring) </span>
<span>Interest = 55,000 * 2% * 1 year = 55,000 * 0.02 * 1 = $1,100 </span>
<span>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. </span>
<span>Required interest = 55,000 * 3.24% * 1 year = 55,000 * 0.0324 * 1 = $1,782 </span>
<span>How much buying power did you lose? The difference between your required interest and your actual interest. </span>
<span>Buying power lost = 1,782 - 1,100 = $682. You lost this much in buying power. </span>
Answer:
[Graph Attached]
Step-by-step explanation:
The 'y' will be the total cost.
The '20x' will be the hourly rate, where 'x' is the number of hours.
The '+45' will be the flat fee.
Attached is the equation on a graph. This is where 20 is the slope and the y-intercept is 45.
If you need to draw it, the line will include the points (-2, 5) , (-1, 15), (0,45) , (1,65) , and (2, 85).
<em>Brainilest Appreciated. </em>
Answer:
Step-by-step explanation:
Slope :
y-intercept = 2
<h3>Hope it is helpful...</h3>