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In country Z, the CPI in 2005 was 140 and the CPI in 2006 was 154. Jake, a resident of country Z, borrowed money in

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In country Z, the CPI in 2005 was 140 and the CPI in 2006 was 154. Jake, a resident of country Z, borrowed money in 2005 and repaid the loan in 2006. If the nominal interest rate on the loan was 14 percent, what was the real interest rate? Select one: O 4 percent O 14 percent O 18 percent O 10 percent

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