A Question 2 (1 point) Retake question Saved If the nominal rate of interest is 3.8% and the rate of inflation is 0.9%, then the real interest rate is: a) 2.87% b) 2.75% c) 2.90% d) 3.17%

Comprehensive Medical Assisting: Administrative and Clinical Competencies (MindTap Course List)
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Chapter20: Accounting Practices
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A Question 2 (1 point) Retake question
Saved
If the nominal rate of interest is 3.8% and the rate of inflation is 0.9%, then the real
interest rate is:
a) 2.87%
b) 2.75%
c) 2.90%
d) 3.17%
Transcribed Image Text:A Question 2 (1 point) Retake question Saved If the nominal rate of interest is 3.8% and the rate of inflation is 0.9%, then the real interest rate is: a) 2.87% b) 2.75% c) 2.90% d) 3.17%
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