Annalise invested $3,300 in an account paying an interest rate of 2.8% compounded monthly. Assuming
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Sub in given values to get 2 equations.
Solve system using elimination. Add the equations together, cancelling out 'b'
Sub into first equation to get value for 'b'
Solve system using elimination. Add the equations together, cancelling out 'b'
Sub into first equation to get value for 'b'
Answer:
Step-by-step explanation:
The information given in the question can be represent in a table format for better understanding with the additional columns as follows:
Items Weights Q₀ Prices P₀ Prices P₁ P₀Q₀ P₁Q₀
Cashew 1 $12.50 $17.00 $12.50 $17.00
Pecans 1 $4.00 $4.00 $4.00 $4.00
Almonds 1 $5.50 $3.00 $5.50 $3.00
Total $22 $24
Can you say what happened to the overall "price level"?
The changes in overall price level can be a result of a condition termed as inflation rate
How might you construct a measure of the "change in price level"?
To construct a measure of the change in price level; we need to determine the consumer price index (CPI).
The consumer price index can be determined by using the relation:
= 109.0%
consumer price index (CPI) is 109.0% ; This implies that there is a 9.9% inflation in the economy.
Answer:
Step-by-step explanation:
<u>Step 1: Convert</u>
Six to the third power times six to the fourth power.
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