Calculation 82612

Let's assume that the interest in the bank is 10% and that we have saved €1000. 10% may seem like a good investment. However, if inflation is 6%, how much can we save in the bank in real terms? For the simplicity of the calculation, the income is not taxed.

Correct answer:

r =  3.4 %

Step-by-step explanation:

p1=100%+10%=1+10010=1.1 p2=100%6%=11006=0.94 a=1000 eur  b=p1 a=1.1 1000=1100 eur c=b p2=1100 0.94=1034 eur  r=100 aca=100 100010341000=3.4%



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