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artcher [175]
3 years ago
10

Andy offered Jenny, a loan of $1,000. Jenny paid Andy back $1,000 a year later. The inflation rate during that year was 1.5%. Di

d Andy lose any money?
A. No, he didn’t because he got back what he offered a year ago B. Yes, he lost $1.5 C. Yes, he lost $15 D. Yes, he lost $20 E. Yes, he lost $150
Social Studies
1 answer:
const2013 [10]3 years ago
7 0
C, he lost $15, with inflation, the worth of that money went down, and 1000 × 0.015 = $15
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