Mathematics, 15.11.2019 20:31 semily74

Anika’s savings account has a stated interest rate of 2.5%. after inflation, the real return on her savings account is 1%. what is the nominal interest rate on the account?

a.
-1%
b.
1%
c.
1.5%
d.
2.5%

Answers: 2

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Anika’s savings account has a stated interest rate of 2.5%. after inflation, the real return on her savings account is 1%. what is the nominal interest rate on the account? a. -1% b. 1% c. 1.5% d. 2.5%

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Another question on Mathematics

Anika’s savings account has a stated interest rate of 2.5%. after inflation, the real return on her savings account is 1%. what is the nominal interest rate on the account?

a.
-1%
b.
1%
c.
1.5%
d.
2.5%