The nominal value - without discounting the inflation rate - of income was $ 3000.
If the interest rate was 6%, a rule of three is enough to find the value of the original investment.
3000 - 6%
x - 100%
x = 50,000
The value of the investment was $ 50,000
In this case, the inflation rate also requires a simple calculation.
Inflation corroded $ 1000 dollars of income of $ 3000
Therefore the inflation rate will be 1000/3000 = 33.3%
Answer:
you take the remainder and put it as a decimal.
Step-by-step explanation:
Answer
x - 15 = 18
Explanation
X is the variable that is required to get the answer 18
Answer:
183
Step-by-step explanation:
i hope it's helpful for you
