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Mrs Angela Gawugah invested GHS200,000 for 3 years. She received GHS290,000. Inflation is expected to be 15% per year. Required: Find the (a) nominal interest

Mrs Angela Gawugah invested GHS200,000 for 3 years. She received GHS290,000. Inflation is expected to be 15% per year.

Required: Find the

(a) nominal interest rate.

(b) real interest rate.

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