Answer: 0.35%
Step-by-step explanation:
Given the following :
Advertised interest rate = nominal rate = 1.5%
Inflation rate = 1.15%
The real rate of return is calculated by:
[(1 + nominal rate) / ( 1 + inflation rate)] - 1
[(1 + (1.5/100)) / (1 + (1.15/100))] - 1
[(1 + 0.015) / ( 1 + 0.0115)] - 1
[ 1.015 / 1.0115] - 1
1.0034602 - 1 = 0.0034602
Real rate of return = (0.0034602 * 100)%
Real rate of return = 0.346%
Answer:if the number has a single digit after the decimal add a 0 next to it
Step-by-step explanation:22: 0.1, 0.5, 23: 0.6. 0.20, 0.29, 0.92
24: 0.56, 1.78, 4.09
Answer:
23,29,31,37,41,43,47,53,59,61 and 67.
Step-by-step explanation:
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