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Temka [501]
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?
Business
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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