Becka borrowed $460 from her cousin at the rate of 8.5% per year. If the inflation rate was 2.7% that year, what is her cousin's actual rate of return on the loan?

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asked Apr 10, 2021 217k views

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Becka borrowed $460 from her cousin at the rate of 8.5% per year. If the inflation rate was 2.7% that year, what is her cousin's actual rate of return on the loan?

Mathematics
college

Housni asked

by Housni

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Answer:4%

Explanation:

6%-2%=4%

Babak Asadzadeh answered Apr 15, 2021

by Babak Asadzadeh

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