Problemas
11. If the interest rate on a loan is 5 percent and the inflation rate is 3 percent, the real interest rate is A. 8 percent. B. 2 percent. C. -2 percent. D. -8 percent.D. -8
Roztwór
Carmen
élite · Tutor durante 8 años
4.6
(232 Votos)
Respuesta
To calculate the real interest rate, we need to subtract the inflation rate from the nominal interest rate.Given information:- Nominal interest rate = 5%- Inflation rate = 3%Real interest rate = Nominal interest rate - Inflation rateReal interest rate = 5% - 3%Real interest rate = 2%Therefore, the correct answer is B. 2 percent.