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The current interest rate on a savings account is 1.85%. The current inflation is 1.9%. What is the real dollar return on this account with a $1,020 balance at the end of the year
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The current interest rate on a savings account is 1.85%. The current inflation is 1.9%. What is the real dollar return on this account with a $1,020 balance at the end of the year

User Incandescentman
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2 Answers

4 votes
1.67 is the correct answer
User Bonna
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7.4k points
7 votes

Answer:

.51

Step-by-step explanation:

User Teddy Koker
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7.1k points
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