Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The inflation rate over the past year was 4.9 percent. If an investment had a real return of 4.6 percent, what was the nominal return
The inflation rate over the past year was 4.9 percent. If an investment had a real return of 4.6 percent, what was the nominal return in percentage on this investment?
| 9.73 | ||
| 24.28 | ||
| 0.29 | ||
| 10.4 | ||
| 3.04 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started