Anika’s savings account has a stated interest rate of 2.5%. after inflation, the real return on her savings account is 1%. what is the nominal interest rate on the account?

a.
-1%
b.
1%
c.
1.5%
d.
2.5%

Option D. 2.5%

Step-by-step explanation:

we know that

The stated interest rate  is a percentage which is calculated per year and refers to the return on the investment made.

The nominal interest rate is the rate received by the depositor before taking into account the inflation rate.

therefore

The nominal interest rate is equal to the stated interest rate and does not include the inflation rate.

so

Since the stated rate in this problem is 2.5%, the nominal rate of interest for this savings account is also 2.5%

step-by-step explanation:

this is not a question

total amount of money that he should pay if he has not used his duty free exemption is $98

step-by-step explanation:

given a united states citizen returning to the states declares the following items at the customs office: 3 shirts at $8.50 each 2 dresses at $27.50 each 1 pair of gold cuff links at $17.50 per pair. we have to find how much he pay

cost of 3 shirts if one cost at $8.50 is

cost of 2 dresses if one cost at $27.50 is  

cost of 1 pair of gold cuff at $17.50

so, total amount of money that he should pay if he has not used his duty free exemption is   $25.5+$55+$17.50=$98