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1 year ago

Drag each tile to the type of interest rate it describes

Mathematics

1 answer:

sertanlavr [38]1 year ago

6 0

Answer:

Nominal Interest Rate: Does not consider inflation provides a sense of purchasing power

Real Interest Rate: It describes the stated interest rate on an account and also considers inflation

Step-by-step explanation:

Real interest rate can be defined as the Nominal interest rate minus the inflation rate.

Nominal Interest Rate is the interest rate without taking into account the inflation

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<span>Replace the value of "x" in the second equation (II) to find the value of "y", thus:
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Read more about exponential functions at:

brainly.com/question/14355665

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