Waec Model Questions Vol1 2017 Economics Question 18
Practice objective / multiple choice question 18 from the 2017 Waec Model Questions Vol1 Economics examination.
A bank offers a nominal interest rate of 12 % per annum. Inflation rates are expected to be 4 % in the first year, 5 % in the second year and 6 % in the third year. If you invest ₦10 000 today, what will be the real value of the investment at the end of three years (rounded to the nearest naira)?
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About This Question
This is Waec Model Questions Vol1 2017 Economics Question 18. It is one of the objective questions from the 2017 Waec Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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