Answer:
5/8
Step-by-step explanation:
There are 8 intervals, the tack ends at the 5th interval, so 5/8
The answer would be A) $79.20
(220*.4).9 as 60 percent off means that the product is only 40 percent of its original value, furthermore, we multiply the entire thing by .9
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
