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Over the past year, you earned a nominal rate of interest of 8% on your money. The inflation rate was 3.5% over the same period. The exact actual growth rate of your purchasing power was A) 15.55%. B)
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Over the past year, you earned a nominal rate of interest of 8% on your money. The inflation rate was 3.5% over the same period. The exact actual growth rate of your purchasing power was A) 15.55%. B) 4.35%. C) 5.02%. D) 4.81%. E) 15.04%.

User Wumms
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14 votes
14 votes

Answer:

a

Step-by-step explanation:

it worked for me so hope it work

User Cowboybkit
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