Jim holds $50.000 in money at the beginning of the year. The annual inflation rate is 2 percent, and the price level rises from 10 to 1.02. What is the "inflation tax" that Jim pays at the end of the year? Jim pays an inflation tax of

Answers

Answer 1

Based on the inflation rate and the amount he had at the beginning of the year, Jim will pay an inflation tax of $1,000

Inflation tax refers to the value lost out of the cash holdings that a person has as a result of inflation.

With inflation being 2%, Jim would lose 2% of his cash holdings which translates to:

= Cash holdings x Inflation rate

= 50,000 x 2%

= $1,000

In conclusion, Jim will pay an inflation tax of $1,000.

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Related Questions

Suppose you are exchanging currency in the London airport. The currency exchange service there only makes transactions in which one of the two currencies is British pounds, but you want to exchange dollars for Euros. Thus you first need to exchange dollars for British pounds, then exchange British pounds for Euros. At the time you want to make the exchange, the function f for exchanging dollars for British pounds is give by the formula:

f(d)=0.69d−1

and the function gg for exchanging British pounds for Euros is given by the formula

g(p)=1.3p−2

Required:
a. Find a formula for the function that exchanges dollars in return for Euros.
b. How many Euros would you receive for exchanging 450 dollars after going through this two-step exchange process?
c. How many dollars would you need to exchange in order to end up with 60 Euros after this two-step exchange process?


Answers

The two-step exchange process is an illustration of composite functions

The function that converts dollars to Euro is [tex]\mathbf{g(d) = 0.897d - 3.3 }[/tex]You would receive 400.35 Euros, when you exchange 450 dollarsYou would receive 70.6 dollars, when you exchange 60 Euros

Converting from dollars to British pounds, we have:

[tex]\mathbf{f(d) = 0.69d - 1}[/tex]

Converting from British pounds to Euro, we have:

[tex]\mathbf{g(p) = 1.3p - 2}[/tex]

(a) Function that converts dollars to Euro

To do this, we simply calculate gf(d)

So, we have:

[tex]\mathbf{g(f(d)) = 1.3f(d) - 2}[/tex]

Substitute [tex]\mathbf{f(d) = 0.69d - 1}[/tex]

[tex]\mathbf{g(f(d)) = 1.3 \times (0.69d - 1) - 2}[/tex]

Expand

[tex]\mathbf{g(f(d)) = 0.897d - 1.3 - 2}[/tex]

[tex]\mathbf{g(f(d)) = 0.897d - 3.3 }[/tex]

Rewrite as:

[tex]\mathbf{g(d) = 0.897d - 3.3 }[/tex]

Hence, the function that converts dollars to Euro is [tex]\mathbf{g(d) = 0.897d - 3.3 }[/tex]

(b) Euro equivalent of $450

In (a), we have [tex]\mathbf{g(d) = 0.897d - 3.3 }[/tex]

Substitute 450 for d

[tex]\mathbf{g(450) = 0.897 \times 450 - 3.3 }[/tex]

[tex]\mathbf{g(450) = 403.65 - 3.3 }[/tex]

[tex]\mathbf{g(450) = 400.35}[/tex]

Hence, you would receive 400.35 Euros, when you exchange 450 dollars

(c) Dollar equivalent of 60 Euros

In (a), we have [tex]\mathbf{g(d) = 0.897d - 3.3 }[/tex]

Substitute 60 for g(d)

[tex]\mathbf{60 = 0.897d - 3.3 }[/tex]

Add 3.3 to both sides

[tex]\mathbf{0.897d = 63.3 }[/tex]

Divide both sides by 0.897

[tex]\mathbf{d = 70.6}[/tex]

Hence, you would receive 70.6 dollars, when you exchange 60 Euros

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Consider the line y = 3/5x + 4.

Find the equation of the line that is parallel to this line and passes through the point left (- 5,-1)

Answers

Answer:

y=3/5x + 2

Step-by-step explanation:

y-(-1)=3/5(x-(-5))

y+1=3/5(x+5)

5y+5=3x+15

5y=3x+10

y=3/5x+2

-4x + 60 < 72 or 14x + < -31

Answers

x=31/14

Step-by-step explanation:

I did the second one btw

ummmm help me cause i am the queen ya know

Answers

Answer:

80 square units

Step-by-step explanation:

I am in a rush so this might not be right but probably is

Bo has $500 in his savings account. He plans to add $150 to his savings account every month. Recently, he purchased a tractor to use on his farm for $4,000. He plans to pay off the total price of the tractor over time by paying $200 a month from a separate account. How much will Bo have in his savings at the time he pays off the tractor in full? A. $3,500 B. $3,000 C. $2,150 D. $2,000.

Answers

Answer:

D. $2,000

Step-by-step explanation:

Found this answer somewhere and it made sense so I hope its correct :D

Answer:

it is 3500 You take 4000 divide by 200 which is 20 months then take 150 times 20 equals 3000 then add 500

Step-by-step explanation:

7/10=r-(-8/9) please help

Answers

Answer:  -(3/10)

Step-by-step explanation:

7/10=r-(-8/9)

(7/10)=r+(8/9)

(7/10)-(8/9)=r

  r =(7/10)-(8/9)

  r =(7/10)*(9/9)-(8/9)*(10/10)    [Multiply each fraction by another fraction equal to one, but with values that will convert the denominator into the same value]

  r =(63/90)-(80/90)

 r = -(27/90)  or -(3/10)


The company made $700,000 the first quarter and $343,000 the second
quarter. Which shows the change from the first quarter to the second
quarter?

a) –357,000
B) 357,000-
C) 357,000+
D) +357,000

Hi! i need help, can someone help me please

Answers

Answer:

b

Step-by-step explanation:

The change from the first quarter to the second quarter is +357,000. Therefore, the correct answer is option D.

Given that, the money made by company in first quarter = $700,000 and in the second quarter = $343,000.

Subtraction is the process of taking away a number from another. It is a primary arithmetic operation that is denoted by a subtraction symbol (-) and is the method of calculating the difference between two numbers.

The difference in money made by company from first quarter to second is

700,000-343,000

= +357,000

Therefore, the correct answer is option D.

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witch points has have a distance of 3 units from point S

Answers

The answer is 3-2 +7 =9

A nurse spent 83% of a 12-h shirt caring for patients. How many hours were devoted to patient care?

Answers

Answer:

9.96

Step-by-step explanation:

12 * .83

Answer:

10 hours

Step-by-step explanation:

83% of 12 hours = 0.83 * 12 hours = 10 hours

Find the perimeter. Simplify your answer.

Answers

Answer:

20u-26

Step-by-step explanation:

To find the perimeter we have to add up all the sides

9u-6+u-7+9u-6+u-7

Combine light terms and we get

20u-26

2) Which of the following represents an equation of a line parallel to one whose equation is 2y + 8x = 18?
A) y = -4x + 3
B) y = 4x+ 7
C) y = 8x + 2
D) y = -8x + 9

Answers

Parallel has the same slope
2y + 8x = 18
Make it slope in form: y = mx + b
Divide the equation by 2
y + 4x = 9
Now subtract 4x
Y = -4x + 9
The slope is -4
Which equation also has same slope?

Solution: A

Answer:

A

-by-step explanation:

i have that exact question

In this assignment, you will conduct research to find the best loan for your first car. Using reference
materials and Internet sites, you will collect information for a used car and loan options to buy the car.
You will use an online loan calculator to find the best option for a used car loan. You will do a multimedia
presentation on the best loan option for a used car and the resources you used, along with the options
you explored to decide on the best loan option. A list of search term suggestions for finding resources is
provided at the end of this guide.
Your presentation should include the following slides. The slides should be a title slide, a slide containing
your used car information, a slide containing information on loan options with a bank and with a credit
union, a slide including calculations, a slide comparing the loan options, a slide with the best choice for a
car loan, and a works-cited slide.

Answers

We have that for the Question, it can be said that this is a way to approach the presentation

The first slide should bear the presentation titleFollowed by your pick  or selected car information,its specificationsFollowed by a slide on the koan option you've selected as bestFollowed by a slide on the calculation earlier doneFollowed by a slide on the summary of different loan calculations calculation earlier done on different options comparedFollowed by a slide on your eventual pickFollowed by a slide on the References or sources of information

Generally we are asked to conduct a research on your car  using  reference

materials and Internet sites

Where  Reference materials soak of none internet site that relate to the topic of cars

While

Internet sites refers to sites on the net that gives detailed and affirmed information on  used cars

e.g www.cars.com

Hence making use of a calculator online like Loan calculator at www.calculator.net ,you decide the best used cars based on price and Quality ratio

Using a multimedia entails the use of modern media gadgets and apps to make a presentation, and here your material will be those sites visited ,those none site resources used e.g QuestionnairesHow you made your price to quality ratio assessment, the other option you also thought where good in comparison with your option

Now on the slides

The first slide should bear the presentation titleFollowed by your pick  or selected car information,its specificationsFollowed by a slide on the koan option you've selected as bestFollowed by a slide on the calculation earlier doneFollowed by a slide on the summary of different loan calculations calculation earlier done on different options comparedFollowed by a slide on your eventual pickFollowed by a slide on the References or sources of information

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Help ASAP! (20 points)
What is the slope-intercept equation for the following line?
y=__x+__

Answers

y = mx + b
y = 2x + 7

m = slope = rise / run

m is found by using one random point and seeing how far up the next point is vertically (rise) and horizontally (run). In this case 2/1 which is just 2

And b = y-intercept, where the line touches the y-axis. In this graph it happens at 7

What is more important: to formulate a believable, testable hypothesis or to develop a good strategy to test the hypothesis accurately

Answers

Answer:

It's a matter of opinion. In my opinion you can hypothesize all you want, when  you get to do it in practice it's almost 100% garantee of failure or incomplete hypothesis. So testing is way more important IMO.

Step-by-step explanation:

Need help on this! Plz help

Answers

Answer:

54 degrees

Step-by-step explanation:

First, I need to find the value of t.

So, I create an equation. Angle BPK is a right angle, so I can just add the two inner angles and set it equal to 90.

(8t + 6) + (3t + 18) = 90

Now, just solve for t.

11t + 24 = 90

11t = 66

t = 6

Finally, substitute 6 in for t.

8(6) + 6

48 + 6

54


4. What are the zeroes
of y = x^2 + 2x – 8? (1 point)
-4, 2
4, 2
-4,2
4, 2

Answers

Answer:

-4,2

Step-by-step explanation:

(x-2) (x+4)=0

x-2=0

x=2

x+4=0

x= -4

Answer:

x=-4, x=2

Step-by-step explanation:

Whenever a question asks you to find the zeros of a quadratic equation, they are essentially asking you to find the x-intercepts. To find the x-intercepts, you simply need to equate y to zero and solve for x.

There are two main ways to find the intercepts - by the quadratic formula and factoring. I will demonstrate both below.

When factoring, a popular method is the diamond box method. First, make an x on your paper. In the top nook of the x, write the product of a and c in y=ax^2 +bx +c. Here, it is -8*1=-8. In the bottom nook, write the b value. Here it is 2. Find two numbers that multiply to ac or -8 and add up to b or 2 and write them in the side nooks. In this problem, they are 4 and -2 (4*-2=-8 and 4+(-2)=2). Then, make a box. On the top left corner, write the first term (here it is x^2) and on the bottom right corner write the constant term (here it is -8) and write the two values you found earlier in the remaining boxes. Now, find values that multiply to each of the respective terms. Sorry, this sounds super confusing, I have included a picture below of what the result should look like. Once you have it factored, make y equal to zero and solve for both x's. You should get x=2 and x=-4. Keep in mind, sometimes, a problem might not be factorable. If it isn't, you have to use the method below.

Another popular way to find the roots is the quadratic formula. I have included a picture of it below. All you have to do is substitute the coefficients in and solve for x. You should get two solutions in this scenario.

plsss help me again:((((​

Answers

C B (3x-3)

hope it helps

#carry on learning

Find the measure of the missing angle.
30°
a=

Answers

Answer:

the measurement of a is 60°............

Answer:

A=60

Step-by-step explanation:

it adds up to 180 so subtract 30 and 90 for the right angle and you got 60

A rectangle has an area of 24cm Function f gives the length of the rectangle, in centimeters when the width is w cm. Determine if each value,
in centimeters, is a possible input of the function

3 0.5 42 60

Answers

Answer:

Yes

Step-by-step explanation:

f = 24/w

Just plug in each one, would only be an error if denominator would = 0

Somebody plz help ????? I need the answer to this

Answers

Answer:

I was thinking it should be -1,2 but that'd not an awnser so B

Which division is shown by the model?
1. 2 divided by 3/4 =2
2. 3 divided by 3/4= 4
3. 2 divided by 2/3= 3
4. 2 divided by 2/3=3

Answers

Answer:

C, you chose the correct answer! Good job. ¯\_(ツ)_/¯

Step-by-step explanation:

3÷[tex]\frac{2}{3}=3[/tex]

Mark brainliest if possible, it's always appreciated. ¯\_(ツ)_/¯

Hope this helps!

-❤AbqveNatural❤

Answer:

e

Step-by-step explanation:

e

What is 43% of what is 27?

Answers

Answer:

[tex] \frac{43}{100} \times 27 = \frac{1161}{100} = 11.61[/tex]

[tex]11.61 \: is \: the \: ans[/tex]

Answer:

11.61

Step-by-step explanation:

% means 100

so we have 43/100

of means multiplication X 27

so we have 43/100x27

and the answer is 11.61

if you want to approximate it is 12

what is the value of

r t s 100° ​

Answers

Catalog # Size Package Content Price* Qty

BR1400106 6 reactions of 50 µl Reagents for coupled transcription/translation reactions  

€196.00

0

BR1400101 24 reactions of 50 µl Reagents for coupled transcription/translation reactions  

€591.00

0

BR1400102 96 reactions of 50 µl Reagents for coupled transcription/translation reactions  

€1,864.00

Help please I really don’t understand due tomorrow

Answers

Answer:

x≥21

Step-by-step explanation:

1) Multiply both sides by the denominator (3)

x+21≥42

2)Move the constant to the right (21)

x≥42-21

3) Calculate it

x≥21

The answer and the working is in the image

what is the gcf of 8 and 11?

Answers

To find the greatest common factor, line both numbers up and continue adding that specific number until you find two factors that correlate with both numbers.

With that being said, let's begin.

8: 8, 16, 24, 32, 40, 48, 56, 64, 72, 80, 88

Simply add 8.

11: 11, 22, 33, 44, 55, 66, 77, 88

Simply add 11.

The greatest common factor of 8 and 11 is 88.

Work out the percentage change to 2 decimal places when a price of £189 is decreased to £150.

Answers

Answer:

20.63%

Step-by-step explanation:

189-20.63%=150,0093

Answer:

20.63%

Step-by-step explanation:

% change = (New Value - Initial Value)/(Initial Value) * 100

                 = (150-189)/189 * 100

                 = -20.63%

Though the value comes as negative but it only indicates that it is a percentage decrease. As the question mentioned that the value is decreased, the final answer would be only 20.63%.

Hopefully this helps!!

Sam, the ranch cook, made sausage and bacon
for breakfast. Each cowboy could choose one
meat, and Sam had just enough. 3 of every 5
cowboys chose bacon. There are 60 cowboys.
How many chose bacon?

Answers

Answer:

36

Step-by-step explanation:

60 × 3 ÷ 5 that's basically it :))

36 out of 60 cowboys ahs chosen bacon over sausages.

What are ratio and proportion?

A ratio is a comparison between two similar quantities in simplest form.

Proportions are of two types one is the direct proportion in which if one quantity is increased by a constant k the other quantity will also be increased by the same constant k and vice versa.

In the case of inverse proportion if one quantity is increased by a constant k the quantity will decrease by the same constant k and vice versa.

Given, Sam, the ranch cook, made sausage and bacon for breakfast.

Each cowboy could choose one meat, and Sam had just enough.

3 of every 5.

Also given that there are 60 cowboys so no. of meat is also 60 as each cowboy could choose one meat.

If 3 of every 5 cowboys chosen meat then the no. of cowboys chosen meat is,

= (3/5)×60.

= 36 cowboys.

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Write a recursive formula and an explicit formula for the following arithmetic sequence.

4.25, 4.75, 5.25, 5.75, ...


Answers

A^1 = the first term which is 4.25
A^n = the change in each term which is 0.50



ASAP HELP WILL MAKE BRAINLEST 80 POINTS

Answers

Factor 5x^10−80x^2

5x^10−80x^2

=5x^2(x^4+4)(x^2+2)(x^2−2)

Answer:

5x^2(x^4+4)(x^2+2)(x^2−2)

5x^2(x^4+4)(x^2+2)(x^2−2)

Factor 5x^10−80x^2

5x^10−80x^2

=5x^2(x^4+4)(x^2+2)(x^2−2)

2. A certain 80 cm spring will stretch (in cm) three-sixteenths the weight (in kg) attached to
it. How long will the spring be if a 15-kg weight is attached to it?

Answers

The answer is it will stretch 20 cm
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