Mathematics, 28.10.2020 19:00 AleciaCassidy

Oscar has deposited $4,000 in a savings account at 1.5% interest. What is his real interest rate if the current inflation rate is 2.5%? a. −1%
b. 4%
c. 3.75%
d. −0.6%

Answers: 2

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Oscar has deposited $4,000 in a savings account at 1.5% interest. What is his real interest rate if...

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Oscar has deposited $4,000 in a savings account at 1.5% interest. What is his real interest rate if the current inflation rate is 2.5%? a. −1% b. 4% c. 3.75% d. −0.6%

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Another question on Mathematics

Oscar has deposited $4,000 in a savings account at 1.5% interest. What is his real interest rate if the current inflation rate is 2.5%? a. −1%
b. 4%
c. 3.75%
d. −0.6%