Jordan loaned Taylor $1,200 on March 15,2009.Taylor returned $1,260 on March 14,2010.Inflation was 2% over the 1-year period.What is the real interest rate that Taylor paid?

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The Answer of Jordan loaned Taylor $1,200 on March 15,2009.Taylor returned $1,260 on March 14,2010.Inflation was 2% over the 1-year period.What is the real interest rate that Taylor paid?

Jordan Loaned Taylor $1,200 on March 15,2009