borrowed $100 from her cousin at the rate of 10% per year. if the inflation rate was 4% that year, what is her cousin's actual rate of return on the loan

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12-10-2022
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borrowed $100 from her cousin at the rate of 10% per year. if the inflation rate was 4% that year, what is her cousin's actual rate of return on the loan

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Paruljain Paruljain · Answer 1 · 2022-10-15T13:06:46+02:00

Borrowed $100 from her cousin at the rate of 10% per year. if the inflation rate was 4% that year, what is her cousin's actual rate of return on the loan is 6%-2%=4%.

In the field of economics, In the study of economics, inflation is the term that denotes a steady rise in the price of products and services across a state. As the general price level rises, each unit of currency may buy fewer goods and services, hence inflation is related to a reduction in the purchasing power of money. The opposite of inflation is deflation, which is a persistent rise in the overall level of prices for goods and services. The most common measure of inflation is the annualized percentage change in a general price index, sometimes known as the inflation rate.

Because price rises are not constant across the board, the consumer price index (CPI) is widely used for this purpose. The employment cost index is also used to determine wages in the US

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