What is the rate of inflation if an account has a nominal interest rate of 4.2% and a real interest rate of 2.8% 1% 1% 1.8% 1.8% 2.4% 2.4% 1.4% 1.4%

b

step-by-step explanation:

the terms of a geometric sequence can be found by beginning with the first term and multiplying by the common ratio repeatedly. a recursive formula for a geometric sequence with common ratio r is given by an=ran−1 a n = r a n − 1 for n≥2 n ≥ 2 .

step-by-step explanation:

part a: 1.08

part b: 27.59

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