logan5621 logan5621

11-11-2020
Mathematics

contestada

What is the rate of inflation if an account has a nominal interest rate of 4.2% and a real interest rate of 2.8%
A. 1%
B. 1.8%
C. 2.4%
D. 1.4%

Respuesta :

PiaDeveau PiaDeveau

16-11-2020

Answer:

Rate of inflation = 1.4%

Step-by-step explanation:

Given:

Nominal interest rate = 4.2%

Real interest rate = 2.8%

Find:

Rate of inflation

Computation:

Rate of inflation = Nominal interest rate - Real interest rate

Rate of inflation = 4.2% - 2.8%

Rate of inflation = 1.4%

Answer Link

Otras preguntas

Consider the words typically associated with geometry. Are there any words that would be hard to precisely define? What words can you think of?

Why was the social structure of Europe challenged by the growing number of free townspeople and the changing economy

A road with a positive cross slope is highest __________.

What was the importance to an artist of a papal invitation to rome?

The council of industrial relations (cir) was founded on the basis of an earlier joint declaration of principles, which recognized the mutual interests of the ?

ariana has $4 to spend at the candy shop she wants at least 10 sour snaps which are 15 cents each and at least 3 chocolate truffles which are 80 cents each whic

To the nearest tenth, find the perimeter of ∆ABC with vertices A(2,4), B(-2,1) and C(2,1).

What is the purpose of a counterargument in a persuasive text?

critically discuss TWO ways in which HIV/AIDS is, not noticeably spread through transactional sex and thus become socially unjust to the victim

When you use your fingerprint on a reader attached to your computer to authenticate yourself as the legitimate computer user, what technology are you using?