Answer:
Nominal Interest rate=11.9%
Step-by-step explanations:
The Fisher effect is a theory propounded by an economist named Irving Fisher.
Fisher's equation shows the relationship between real Interest rate, expected inflation rate and nominal Interest rate.
It can be calculated by subtracting the expected inflation rate from the nominal Interest rate to give the real Interest rate.
Real Interest rate= nominal Interest rate - expected inflation rate
Given,
Real Interest rate= 4.4%=0.044
Expected inflation rate=7.5%=0.075
Nominal Interest rate=?
Therefore,
Real Interest rate=nominal Interest rate - expected inflation rate
Nominal Interest rate=Real Interest rate+expected inflation rate
Nominal Interest rate=0.044+0.075
Nominal Interest rate=0.119
Nominal Interest rate=11.9%
Answer:
They would have the bike for 1.7 hours
Step-by-step explanation:
The bike is rented at a charge of $5 for every half an hour,this can be expressed as:
$5 per 0.5 hours, to calculate the time one will have the bike if they pay $17
The amount of paid=Standard Rate per 1/2 of an hour/Number of hours
where;
The amount paid=$17
Standard Rate per 1/2 an hour=$5/0.5
Number of hours
Replacing;
n=(17×0.5)/5=1.7 hours
Answer:
3
Step-by-step explanation:
there are 3 more markers than pencils
34? Or 32? I’m not sure cause it’s a 2 step problem and math isn’t the best thing I’m good at
