You have to move variables on one side and constants on the other
aby - b + b = c + b
aby = c + b
y = (c + b)/ab
Answer:
Real interest rate = -1%
Step-by-step explanation:
Real interest rate=Nominal interest rate - inflation rate
From the above,
Nominal interest rate=1%
Inflation rate=2%
Real interest rate=Nominal interest rate - inflation rate
=1% - 2%
= -1%
Real interest rate = -1%
Real interest rate shows you what it really costs borrowers to pay back their loans.
if the real interest rate is greater than zero, the amount you pay back is worth more in real terms than the money you borrowed.
if the real interest rate is below zero as in the above case, the amount you will pay back is less worth in real terms than the money you borrowed.
Answer: 1900
Step-by-step explanation:
Answer:
The general form of a GP is a, ar, ar2, ar3 and so on. The nth term of a GP series is Tn = arn-1, where a = first term and r = common ratio = Tn/Tn-1) . The sum of infinite terms of a GP series S∞= a/(1-r) where 0< r<1. If a is the first term, r is the common ratio of a finite G.P.
hope helps
X= 8/3, y= 17/3
Double check to see if it’s the right answer
