charati7882 charati7882
  • 03-03-2018
  • Business
contestada

If the inflation rate was 3.00% and the nominal interest rate was 8.00% over the last year, what was the real rate of interest over the last year?

Respuesta :

dncwo1 dncwo1
  • 04-03-2018
The real interest rate would be 5%.
You are getting 8% interest and losing 3% due to inflation= 5%
Answer Link

Otras preguntas

If (-2, y) lies on the graph of y =4^x, then y =
In the muscle cells in your body, ______ energy is changed into __________ energy.
What was life like on Earth's for most of its history?
What is a labyrinth?
How did France’s colonial influence on North America begin? Samuel de Champlain established the first successful French settlement. Samuel de Champlain explore
what is the impact of the english bill of rights
what was one effect of the industrial revolution on united states agriculture in the late 1800s
Why does Alexander Pope use the style and narrative form of epics to describe a relatively insignificant incident in “The Rape of the Lock”?to mock the epic for
__________ disorders are psychological difficulties that take on a physical form, but for which there is no medical cause.
What is the median of 1.99 2.99 3.89 3.99