Question #$3[$LO$6$: S$-$N$]$

a$.$ An annual inflation rate of $6\%$ means prices $($or your savings$)$ will double in how many years? Show full calculations?

Solution:

b$.$ What is the simple interest earn on an initial amount of $$10,000$ is invested at an annual interest rate of $5\%$ for a period of $9$ months, using the time value of money formula?

Solution:

Question #$4[$LO$7$: S$-$C$]$

Your friend, Rosa, express with joy that Giordano Armani offering great discounts on online thru other company selling apps. The price is much lower than usual, and she's tempted to buy it immediately. However, you've heard some stories about online scams and want to make sure she makes a safe purchase by suggesting her, using your communication skills $($such as active listening, clear communication, proper information etc.$)$

Solution: