If Jackson is paid an interest rate of 10 percent on his savings, but the inflation rate has risen to 20 percent, the purchasing power of his savings is _____.

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asked Aug 10, 2018 214k views

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If Jackson is paid an interest rate of 10 percent on his savings, but the inflation rate has risen to 20 percent, the purchasing power of his savings is _____.

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Jankeesvw asked

by Jankeesvw

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Answer:

decreased by 10%

Step-by-step explanation:

Oleg Levin answered Aug 11, 2018

by Oleg Levin

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decreased by 10%. just took the test

Koira answered Aug 14, 2018

by Koira

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