Answer:
6%
Step-by-step explanation:
The multiplier on George's money is ...
$708/$600 = 1.18
This value is ...
1 + rt = 1.18 . . . . . for t = 3
3r = 0.18 . . . . . . subtract 1; next divide by 3
r = 0.06 = 6%
The simple interest rate on George's account is 6%.
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%
Step-by-step explanation:
Store a must offer 30%
Answer:
A, B, C,D, F
Step-by-step explanation:
The explanation for why each option is transitive and option E is not transitive is explained in the attachment
