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meeeekmill
30.10.2019 •
Mathematics
Inflation causes things to cost more, and for our money to buy less (hence your grandparents saying "in my day, you could buy a cup of coffee for a nickel"). suppose inflation decreases the value of money by 2% each year. in other words, if you have $1 this year, next year it will only buy you $0.98 worth of stuff. how much will $100 buy you in 15 years?
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Ответ:
$73.85
Step-by-step explanation:
Data provided in the question:
Inflation rate = 2% = 0.02
Amount = $100
Time = 15 years
Now,
The reduced amount = Amount × (1 - Inflation rate)ⁿ
here, n is the time in years
Therefore,
on substituting the respective values, we get
The reduced amount = $100 × ( 1 - 0.02 )¹⁵
or
The reduced amount = $73.85
Ответ:
b + 5; when b = 3.4 the distance Sandra rode is 17 miles.
Step-by-step explanation: