Raul Borrowed $1,000 from Marta for a Year and Agreed

question 116

Multiple Choice

Raul borrowed $1,000 from Marta for a year and agreed to repay her $1,050 at the end of the year.If the inflation rate was 3 percent,which of the following is the real rate of interest Marta received?

• A)10 percent
• B)5 percent
• C)3 percent
• D)2 percent
• E)−2 percent

---

Definitions:

Interview

A formal meeting in which one or more persons question, consult, or evaluate another person, typically for the purpose of obtaining information or assessing qualifications.

Follow-Up Message

A communication sent to re-engage or provide additional information to a recipient after an initial interaction.

Interview

An official gathering where one or more individuals interrogate, seek advice from, or assess another individual.

Legally Binding Contract

An agreement between parties that is enforceable by law, where each party has specific obligations.