themba75 themba75
  • 17-05-2023
  • Mathematics
contestada

Rashied recently borrowed money to purchase an automobile at a nominal interest rate of 8% per year. If the
inflation rate is 6% per year, what is the real rate of interest on the loan?

Respuesta :

Otras preguntas

what were some of Mae jemison duties on board the shuttle endeavor? help please!!!
which unit of measure would scientist use to measure the thickness of rock layer, created as a result of volcanic activity
Why was Rome's creation of a common currency so important?
Why was Rome's creation of a common currency so important?
Jane drinks 275 milliliters of juice from a 1 liter container. How much juice is left
Jane drinks 275 milliliters of juice from a 1 liter container. How much juice is left
Three yrs ago Reagan was three times as old as Sarah and half as old as Lauren. Three yrs from now, Reagan will be twice as old as Sarah.  How old are they now?
the table shows the break down of math students for one school year. find the probability that a geometry student is in the 11th grade
big dipper. how did this constellation get its name.
I am a number between 60 and 100. My ones digit is two less than my tens digit. I am a prime number. What number am I. Explain.