P- (-1,7) Q-(2,7) R-(7,-3) S-(-4,-4)
Answer:
Real rate of return = 1.5%
Step-by-step explanation:
Given:
Savings account return = 2.5%
Inflation rate = 1%
Find:
Real rate of return = ?
Computation:
⇒ Nominal rate of return = Real rate of return + Inflation rate
⇒ Real rate of return = Savings account return - Inflation rate
⇒ Real rate of return = 2.5% - 1%
⇒ Real rate of return = 1.5%
Solve for x by simplifying both sides of the equation, then isolating the variable.
x = 4
