Answer:
The answer is 0.01, 0.1, 0.1, 0.11, 1 and 1.11
Step-by-step explanation:
Because you have to go in the order of PEMDAS, parenthesis, exponents, multiplication, division, addition, and subtraction. From what you are saying, 'why you must simplify 3 to the second power first' it seems that you have no parenthesis, so you move onto what is next, which is exponents, in this case, 3 to the power of two.
Answer:
Nominal Interest rate=11.9%
Step-by-step explanations:
The Fisher effect is a theory propounded by an economist named Irving Fisher.
Fisher's equation shows the relationship between real Interest rate, expected inflation rate and nominal Interest rate.
It can be calculated by subtracting the expected inflation rate from the nominal Interest rate to give the real Interest rate.
Real Interest rate= nominal Interest rate - expected inflation rate
Given,
Real Interest rate= 4.4%=0.044
Expected inflation rate=7.5%=0.075
Nominal Interest rate=?
Therefore,
Real Interest rate=nominal Interest rate - expected inflation rate
Nominal Interest rate=Real Interest rate+expected inflation rate
Nominal Interest rate=0.044+0.075
Nominal Interest rate=0.119
Nominal Interest rate=11.9%
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