Answer:
the rate of inflation is 2%.
Step-by-step explanation:
given:
Nominal interest rate =3%
Real interest rate=1%
To Find:
Rate of inflation=?
Solution:
Nominal interest rate:
Nominal interest rate refers to the interest rate before taking inflation into account.
Inflation rate:
The inflation rate is the percent increase or decrease in prices during a specified period. It's usually over a month or a year.
Real interest rate:
A real interest rate is an interest rate that has been adjusted to remove the effects of inflation to reflect the real cost of funds to the borrower and the real yield to the lender or to an investor.
Real interest rate ≈ nominal interest rate − inflation rate.
This can be re written as
inflation rate= Real interest rate - nominal interest rate
Substituting the values,
inflation interest = 1+3
inflation interest=4%
i hope this helpsss<3
:)
if u didnt undersstand make sure to tell me so i can try to say it again
X )0 2 4 y)0 16 32 is ur answer
Answer:
589 books in total
Step-by-step explanation:
fiction books= 381
non-fiction= 381-47= 271
total amount of books(ficton books and non-fiction books together)= 589 books in total
The correct answer would be 6
Answer:
16 years old
Step-by-step explanation:
The age of his sister = 12 years old
Gasta is 4 years older than his sister,
The age of Gasta
= 4 + 12
= 16 years old.
Therefore,
Gasta is 16 years old.
