Mike Gets 5% Interest on His Savings,but the Inflation Rate

question 134

True/False

Mike gets 5% interest on his savings,but the inflation rate is 3%.So his rate of return is 8%.

---

Definitions:

Urine

A liquid by-product of metabolism in the bodies of many animals, including humans, that is excreted by the kidneys and expelled from the body through the process of urination.

Disease

A disorder or malfunction that affects the body or mind, leading to symptoms, dysfunction, and distress.

Quantitative Analysis

A method of inquiry employing statistical, mathematical, or computational techniques to examine properties or phenomena and express results numerically.

Qualitative Analysis

In microbiology, identification of bacteria present in a specimen by the appearance of colonies grown on a culture plate.