Answer:
1 1/5 or 6/5
Step-by-step explanation:
So you get 2/5 every 1/2 hour so take the amount you have and times it by 3.
The answer would be 8 1/4 because if you have the opposite of the opposite you get what you started with. For example the opposite of night is day then the opposite of day is night so you end up with what you started with.
Answer:
nominal rate of interest is 31.7 %
Step-by-step explanation:
given data
payment = $1000
time = 2 year
rate = 4%
CPI = 100
CPI final yer = 127.7
to find out
nominal rate of interest
solution
we know nominal rate of interest formula that is
nominal rate of interest = real interest rate + inflation rate .........1
so here inflation rate is express as
inflation rate = ( CPI final year - CPI ) / CPI × 100 ...........2
put here value
inflation rate = ( 127.7 - 100 ) / 100 × 100
inflation rate is 27.7 %
so from equation 1
nominal rate of interest = real interest rate + inflation rate
nominal rate of interest = 4% + 27.7%
nominal rate of interest is 31.7 %
