Anika's savings account has a stated interest rate of 2.5%. After inflation, the real return on her savings account is 1%. What is the nominal interest rate on the account?
A.
-1%
B.
1%
C.
1.5%
D.
2.5%
+3
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Home » Mathematics » Anika's savings account has a stated interest rate of 2.5%. After inflation, the real return on her savings account is 1%. What is the nominal interest rate on the account? A. -1% B. 1% C. 1.5% D. 2.5%