question archive Your banker offered you the chance to invest your savings for one year at a quoted rate of 10%
Your banker offered you the chance to invest your savings for one year at a quoted rate of 10%
Subject:FinancePrice:2.88 Bought12
Your banker offered you the chance to invest your savings for one year at a quoted rate of 10%. You also saw on the news that inflation rate is 6%. What is the real rate of interest you would be earning if you made the investment? Will you invest after knowing the real rate of interest?
