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rose by 1 percent
The dollar in your pocket is worth .99 of a dollar. also nominal interest=real interest+inflation so nominal interest goes up by 1%
3 percent
The answers are 7%, 7.33%.
Ok, this is my own question. This is what I came up with. can anyone confirm or correct?Maturity r = RR + IP1-YEAR 2.25% = 1.5% + X2.25% - 1.5% = .75%
rose by 1 percent
rose by 1 percent
rose by 1 percent
The dollar in your pocket is worth .99 of a dollar. also nominal interest=real interest+inflation so nominal interest goes up by 1%
477,567
5
3 percent
The 12 percent nominal interest means that your money will increase in value by 12% in a year's time in NOMINAL terms.However, the inflation rate of 13 percent says that the cost of goods will increase faster than the value of your deposit.Hence the REAL effect is that the value of your money will fall by 1 percent.
The inflation rate in Pakistan was last reported at 12 percent in August of 2011. From 2003 until 2010, the average inflation rate in Pakistan was 10.15 percent reaching an historical high of 25.33 percent in August of 2008 and a record low of 1.41 percent in July of 2003. Inflation rate refers to a general rise in prices measured against a standard level of purchasing power. The most well known measures of Inflation are the CPI which measures consumer prices, and the GDP deflator, which measures inflation in the whole of the domestic economy. This page includes: Pakistan Inflation Rate chart, historical data and news.
The answers are 7%, 7.33%.
Zimebabwe with an inflation rate of 231 million percent.
The inflation rate in Pakistan was last reported at 12.91 percent in February of 2011.