Answer:
nominal rate of interest is 31.7 %
Step-by-step explanation:
given data
payment = $1000
time = 2 year
rate = 4%
CPI = 100
CPI final yer = 127.7
to find out
nominal rate of interest
solution
we know nominal rate of interest formula that is
nominal rate of interest = real interest rate + inflation rate .........1
so here inflation rate is express as
inflation rate = ( CPI final year - CPI ) / CPI × 100 ...........2
put here value
inflation rate = ( 127.7 - 100 ) / 100 × 100
inflation rate is 27.7 %
so from equation 1
nominal rate of interest = real interest rate + inflation rate
nominal rate of interest = 4% + 27.7%
nominal rate of interest is 31.7 %
Answer:
sixteenxminusfourty-four
Step-by-step explanation:
Step-by-step explanation:
Its 15/4
^_^ hope this helps
Answer:
The answer is Parson's Market.
Step-by-step explanation:
First you want to find out how much one pound costs.
For Parson's you take 11.34 and divide it by 6.
11.34 / 6 = 1.89
Then you take how many pounds you are trying to get (7) and multiply it by the price per pound (1.89)
7 * 1.89 = 13.23
