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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?

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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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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User Housni
by
7.8k points

1 Answer

7 votes

Answer:4%

Explanation:

6%-2%=4%

answered
User Babak Asadzadeh
by
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