Becka borrowed $500 from her cousin at the rate of 9% per year. If the inflation rate was 2.9% that year, what is her cousin's actual rate of return on the loan?
2 answers
6.1
Becka borrowed $100 from her cousin at the rate of 6% per year. If the inflation rate was 2% that year, what is her cousin's actual rate of return on the loan?
1 answer