Answer:
8/38
Step-by-step explanation:
You got it right, trust yourself
Answer:
Principle should be $2,667
Step-by-step explanation:
We need $3000 for a vacation to Europe in 3 years.
Using amount formula,
Where, P is principle (P=?)
A is amount (A=3000)
r is rate of interest (r=0.04)
t is time (t=3)
Substitute the values into formula and solve for P
Hence, Principle should be $2,667
Answer:
A
Step-by-step explanation:
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. A nominal interest rate refers to the interest rate before taking inflation into account.