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uysha [10]
3 years ago
15

What is the real interest rate for a savings account that has a nominal interest rate of 1% when the rate of inflation is 1% ?

Mathematics
2 answers:
Crank3 years ago
6 0

Answer:

Option B.) 0%

Step-by-step explanation:

we know that

To find the <u>real interest rate</u>, we take the nominal interest rate and subtract the inflation rate

Let

x ----> nominal interest rate

y ----> the inflation rate

The real interest rate is

x-y

we have

x=1%

y=1%

substitute

1%-1%=0%

steposvetlana [31]3 years ago
6 0

Answer:

c

Step-by-step explanation:

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