Answer:
Real rate of return = 1.5%
Step-by-step explanation:
Given:
Savings account return = 2.5%
Inflation rate = 1%
Find:
Real rate of return = ?
Computation:
⇒ Nominal rate of return = Real rate of return + Inflation rate
⇒ Real rate of return = Savings account return - Inflation rate
⇒ Real rate of return = 2.5% - 1%
⇒ Real rate of return = 1.5%
Answer:
8
Step-by-step explanation:
2.4 - 1.57 = 0.83
Answer:
3/2 or 1 1/2
Step-by-step explanation:
So 1/2 * 3 = 3/2 or 1.5 which as a fraction simplified is 1 1/2. Hope that helps!
16% is the downpayment forn9,000
