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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 ye…

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 ye…
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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

asked
User Incandescentman
by
8.0k points

2 Answers

4 votes
1.67 is the correct answer
answered
User Bonna
by
8.5k points
7 votes

Answer:

.51

Step-by-step explanation:

answered
User Teddy Koker
by
8.2k points
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