Answer:
1.90%
Explanation:
There is the accordance or connection between nominal and real interest rates. It is basically possible to convert from nominal interest rates to real interest rates. According to the Fisher, there is a equation that's called the Fisher Equation:
Real interest rate ≈ nominal interest rate − inflation rate.
On our example,
Inflation rate in October- 3.33%
Inflation rate in November- 2.90%
Nominal interest rate in October- 4.75%
Nominal interest rate in November- 4.80%
In October,
Real interest rate=4.75%-3.33%=1.42%
In November,
Real interest rate=4.80%-2.90%=1.90%
As a result, we see that there is 1.90% real interest rate in November and the real interest rate has increased 0.48% in November compared to October.
Answer: an online bill payment
Explanation:
I’m doing apex and it shows that the correct answer is an online bill payment
Answer:
C = 0.05*x + 34
Explanation:
There are several ways to approach this problem. However, we will follow a logical and simple procedure.
It is always possible to write any linear equation as:
y = mx + b, where:
m = slope
b = y-intercept (value when x = 0)
The problem statement guarantees us that b=34, because if we do not drive any mile (x=0), then the cost should be equal to $ 34. Also, we know that m=0.05, because every driven mile (increase in x by 1) the cost should increase by $5. Therefore, we can write the linear equation as:
y = 0.05x + 34
Changing the dependent variable y for C (to relate it with the cost) we have that:
C = 0.05x + 34