On January 1,2008,Edward invested $10,000 at 5% interest for one year.The consumer price index (CPI)on January 1,2008 stood at 160.On January 1,2009,the CPI was 176.The real rate of interest earned

On January 1,2008,Edward invested $10,000 at 5% interest for one year.The consumer price index (CPI)on January 1,2008 stood at 160.On January 1,2009,the CPI was 176.The real rate of interest earned by Edward was
A) – 5%.
B) 0%.
C) 5%.
D) 8%.
E) 10%.


Leave a Reply

Your email address will not be published.