A year ago,you invested $12,000 in an investment that produced a return of 16%.What is your approximate annual real rate of return if the rate of inflation was 2% over the year?
A)18%.
B)2%.
C)16%.
D)15%.
E)none of the above.

Question

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The Answer of A year ago,you invested $12,000 in an investment that produced a return of 16%.What is your approximate annual real rate of return if the rate of inflation was 2% over the year?
A)18%.
B)2%.
C)16%.
D)15%.
E)none of the above.

A Year Ago,you Invested $12,000 in an Investment That Produced