Question:
The real rate of return from a mining project is 14%. If the inflation rate over the entire life of the mine is 5.5 %, then the nominal rate of return in %, is (round off up to 2 decimals)
The real rate of return from a mining project is 14%. If the inflation rate over the entire life of the mine is 5.5 %, then the nominal rate of return in %, is (round off up to 2 decimals)
Updated On: Jul 18, 2024
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Correct Answer: 20.27
Solution and Explanation
The correct answer is: 20.27 or 20.27 (approx)
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