In 1975, interest rates were 7.85 % and the rate of inflation was 12.3 % in the united states. what was the real interest rate in 1975? how would the purchasing power of your savings have changed over the year? (note: be careful not to round any intermediate steps less than six decimal places.)

Since the real rate of interest is negative, this means that the purchasing power of the savings have decreased over the  year.

Explanation:

Data provided:

Interest rates = 7.85 %

The rate of inflation = 12.3 %

Now,

The Real interest rate is calculated as :

Real interest rate = Nominal interest rate - Inflation rate

on substituting the respective values, we get

Real interest rate = 7.85% - 12.3%

Or

The real interest rate = - 4.45%

Here,

Since the real rate of interest is negative, this means that the purchasing power of the savings have decreased over the  year.

hardwork and determination

answer: a. the kind of population living in your neighbourhood.

the census explorer data tool by the us census bureau allows the user to zoom in on any neighbourhood within the united states and find the kind of people residing in that by race and age.  

the tool needs to needs to be used twice – once in order to find what type of people reside in a neighbourhood, and then to see the age groups of the people in the same neighbourhood.