A Year Ago, You Invested $1,000 in a Savings Account

question 59

Multiple Choice

A year ago, you invested $1,000 in a savings account that pays an annual interest rate of 9%. What is your approximate annual real rate of return if the rate of inflation was 4% over the year?

• A) 5%
• B) 10%
• C) 7%
• D) 3%

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Definitions:

Box Plot

A graphical representation of data showing the minimum, first quartile, median, third quartile, and maximum.

Ages of Jockeys

Typically refers to the distribution or average age of jockeys within a particular dataset or study.

Extreme Values

Observations that are significantly higher or lower than the majority of data points in a dataset.

Distribution of Weights

The spread of different weights within a dataset, showing how often each weight occurs.