In March, the Chang’s phone and water bills together cost $540. If the phone cost four times as much as the water, how much was
1 answer:
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Answer:
option B
Step-by-step explanation:
given,
3-month T-bill currently yields = 3%
customer price have been rising = 2% rate
Ai Lun's estimate of the real rate = ?
real rate return
=
=
=
=
= 0.0098
= 0.98 % ≅ 1 %
hence, the correct answer is option B