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3 years ago

7

If the inflation rate was 3.00% and the nominal interest rate was 8.00% over the last year, what was the real rate of interest o

ver the last year?

1 answer:

Alex Ar [27]3 years ago

3 0

The real interest rate would be 5%.
You are getting 8% interest and losing 3% due to inflation= 5%

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Answer:

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3 years ago