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timurjin [86]
3 years ago
11

Above is the question thanks

Mathematics
1 answer:
lina2011 [118]3 years ago
8 0
3.32 is the answer !!!!
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what is the rate of inflation if a savings account has a nominal interest rate of 3% and a real interest rate of 1%
IgorLugansk [536]

Answer:

the rate of inflation is 2%.

Step-by-step explanation:

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Nominal interest rate =3%

Real interest rate=1%

To Find:

Rate of inflation=?

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Nominal interest rate:

Nominal interest rate refers to the interest rate before taking inflation into account.

Inflation rate:

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Real interest rate:

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This can be re written as

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i hope this helpsss<3

:)

if u didnt undersstand make sure to tell me so i can try to say it again

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