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The Nominal Interest Rate for a Consumer Loan Lasting from 2007

question 77

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The nominal interest rate for a consumer loan lasting from 2007 to 2008 is 8.5 percent and the real interest rate is 4.5 percent.If the consumer price index was 200 in 2007,what would the consumer price index value be in 2008?


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An ancient Roman architect and engineer, known for his treatise "De architectura" which outlines the principles of classical architecture.

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An illuminated manuscript, essentially a fragment of a 6th-century Greek copy of the Book of Genesis, known for its early Byzantine miniatures.

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