1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
inysia [295]
2 years ago
7

1. The nominal interest rate is8% and the inflation rate is 6%, what is the real rate of interest?

Mathematics
1 answer:
quester [9]2 years ago
8 0

9514 1404 393

Answer:

  1. 1.89%
  2. 5.06%

Step-by-step explanation:

1. Solving for real interest rate, we find it to be ...

  real interest rate = (1 +nominal rate)/(1 +inflation rate) -1

  = 1.08/1.06 -1 ≈ 1.89%

__

2. Solving for nominal interest rate, we find it to be ...

  nominal interest rate = (1 +real interest rate)·(1 +inflation rate) -1

  = (1.02)(1.03) -1 ≈ 5.06%

You might be interested in
There are the two photos to solve it and jus write A B or C please
Sidana [21]
The answer would be B
8 0
3 years ago
What is a unit rate?
Ksivusya [100]

Answer:

<em>A unit rate is something over a unit of something else. </em>

<u>Such as:</u>  (50 miles) / hour

If you have (150 miles) / 3 hours

This is not a unit rate, therefore you have to divide the top and bottom by 3 to get the unit rate

(150/3 miles) / (3/3 hours)

(50 miles) / hour

Hope this helps :)

5 0
2 years ago
Manny bought a brand new car for $29,750. The car depreciates in value by 12% each year. Find the value of the car after 6 years
Arte-miy333 [17]

Answer: $13,846.02

Step-by-step explanation:

The car cost $29,750 when it was first bought.

It will then depreciate at a rate of 12% per year. This means that the value of the car reduces by 12% per year.

To find the value of the car in the 6th year, you can use the compound interest formula:

= Value of car * ( 1 - rate) ^ no. of years

= 29,750 * ( 1 - 12%)⁶

= ‭13,816.021581824‬

= $13,846.02

6 0
2 years ago
A gallon of Moo Milk cost $5.12. What is the price, in dollars, of an 8 oz glassof Moo Milk?
MA_775_DIABLO [31]
The cost for a gallon of Moo Milk is $5.12
To find the cost of 8 fl. oz. of Moo Milk, the unit price must be found.

Therefore:

One gallon of liquid equals 128 fluid ounces. 

5.12 ÷ 128 = 0.04

0.04 × 8 = 0.32

Therefore, the cost of 8 fluid ounces of Moo Milk is $0.032 

I hope this helped - Maria S.
5 0
2 years ago
Please help. Will select brainliest.
IrinaK [193]

Answer:

Heptagon: D

Spetagon: D

Nonagon: B

7 0
2 years ago
Other questions:
  • PLEASE HELP!! I can't figure this out
    14·2 answers
  • A new building needed 14 windows the builder already installed five of them it takes four hours to install each window how long
    10·1 answer
  • A triangle with sides lengths of 5 and 8 solve for x
    14·1 answer
  • The probability distribution for a random variable x is given in the table X: -5,-3,-2,0,2,3 Probability: .17,.13,.33,.16,.11,.1
    10·1 answer
  • Lynn's cruise lasted 6 day 18 hr. Convert the time to hours.<br> Provide your answer below:
    6·2 answers
  • The Turtle's Equation: y= 2x + 12
    15·1 answer
  • 9a + 18c. What is the value of the expression when a = −5 and c = −1?
    12·1 answer
  • (102-38) x 14+7+162=
    14·2 answers
  • What are the slope and y-intercept for the graph of y – 7x = 10?
    14·1 answer
  • Lyle uses a streaming service to watch movies. Last month he paid $26.91 and watched 9 movies. If he watches 11 movies this mont
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!