Answer:
the rate of inflation is 2%.
Step-by-step explanation:
given:
Nominal interest rate =3%
Real interest rate=1%
To Find:
Rate of inflation=?
Solution:
Nominal interest rate:
Nominal interest rate refers to the interest rate before taking inflation into account.
Inflation rate:
The inflation rate is the percent increase or decrease in prices during a specified period. It's usually over a month or a year.
Real interest rate:
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.
Real interest rate ≈ nominal interest rate − inflation rate.
This can be re written as
inflation rate= Real interest rate - nominal interest rate
Substituting the values,
inflation interest = 1+3
inflation interest=4%
i hope this helpsss<3
:)
if u didnt undersstand make sure to tell me so i can try to say it again
Answer:
Step-by-step explanation:
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Answer:
yes, yes
Step-by-step explanation:
B={1,2,3} it doesn't matter if it has ten 2's or one!
so A=B and A⊆B
Answer: $13
Step-by-step explanation:
So the 4ft mailbox’s shadow was six feet. That 2ft longer. According to my logic if the tree had a showdown of 36ft we subtract 2ft. The trees actual size is 34ft.
I might be wrong don’t hate me :(
