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 :)
9.09 I'm pretty sure this it
20 can be divided by 2 twice, with 5 remaining
20 can be divided by 4 once, with 5 remaining
20 can be divided by 5 once, with 4 remaining
20 can be divided by 10 twice
20 can be divided by 20 once
hope this helps
Answer:
14
Step-by-step explanation:
64-8=56
56/4=14
Find the equation of the inverse.
we have
step 1
Exchange the variables
x for y and y for x
step 2
Isolate the variable y
apply log both sides
step 3
Let
therefore
the inverse function is
