Answer:
nominal rate of interest is 31.7 %
Step-by-step explanation:
given data
payment = $1000
time = 2 year
rate = 4%
CPI = 100
CPI final yer = 127.7
to find out
nominal rate of interest
solution
we know nominal rate of interest formula that is
nominal rate of interest = real interest rate + inflation rate .........1
so here inflation rate is express as
inflation rate = ( CPI final year - CPI ) / CPI × 100 ...........2
put here value
inflation rate = ( 127.7 - 100 ) / 100 × 100
inflation rate is 27.7 %
so from equation 1
nominal rate of interest = real interest rate + inflation rate
nominal rate of interest = 4% + 27.7%
nominal rate of interest is 31.7 %
Answer:
Skewed to right
Step-by-step explanation:
there is no explanation, it just is, just like how 1+1 is 2
Brainleist! as you promised!
Answer:
d
Step-by-step explanation:
the answer is d because if you do 3+2 it equals 5 so therefore it is b
We need to have some choices to give you the answer
A rational number is any number that can be express as a ratio integers whose decimal value is finite or at some point repeats with out end. (Any whole number <span> positive or negative- can be expressed as an improper fraction.</span>
