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Suppose a person invest some amount for one year in a bank that is currently offering interest of 5.5% compounded annually. Assuming inflation rate of 2% per year what will be the real interest that the investment would earn ?
4%
5%
7.4%
7.5%
4%
Practice and solve "Suppose a person invest some amount for one year in a bank that is currently offering interest of 5...." for Electrical - Economics for Engineers. The correct answer is Option A: 4%. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.
Option **(a) **