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You deposit $800 in a savings account and one year later you have $864. At the same time, the CPI increases from 120 to 126. The nominal interest rate is % and the real interest rate is %.

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter6: Macroeconomic Measurements, Part I: Prices And Unemployment

Section6.1: Measuring The Price Level

Problem 3ST

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Question

You deposit $800 in a savings account and one year later you have $864. At the same time, the CPI
increases from 120 to 126. The nominal interest rate is
% and the real interest
rate is
%.
Enter whole numbers.

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