In Late 2001, the Inflation Rate Was About 2

question 28

Multiple Choice

In late 2001, the inflation rate was about 2.9%. If you invested in a savings account with an annual interest rate of 7.5%, what was the real growth rate of this investment?

• A) 3.24%
• B) 4.19%
• C) 4.47%
• D) 5.03%

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Definitions:

Novel Inputs

New, unfamiliar, or unique data or stimuli that are introduced to a system or individual for processing.

Injection Procedure

A medical method involving the introduction of liquids into the body via a needle and syringe, such as vaccines or medications.

Heart Rate Acceleration

An increase in the speed of heartbeats per minute, which can occur due to exercise, stress, excitement, or medical conditions.

Amphetamine

A potent central nervous system stimulant, used medicinally and recreationally, which can enhance alertness and energy.