Waec Model Questions Vol1 2018 Economics Question 46
Practice objective / multiple choice question 46 from the 2018 Waec Model Questions Vol1 Economics examination.
The consumer price index (CPI) was 120 at the end of 2022 and rose to 132 at the end of 2023. A bank offered a nominal interest rate of 12% per annum on a savings account for the year 2023. Calculate the real interest rate earned in 2023, expressed to one decimal place.
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About This Question
This is Waec Model Questions Vol1 2018 Economics Question 46. It is one of the objective questions from the 2018 Waec Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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