Suppose that the only good you purchase is premium bottled

Last updated: 9/6/2023

Suppose that the only good you purchase is premium bottled water and that at the beginning of the year the price of a bottle is 2 00 Suppose you lend 1 000 for one y at an interest rate of 13 9 percent At the end of the year the price of premium bottled water has risen to 2 13 Calculate the real interest rate on the loan 96 Enter your response as a percentage rounded to one decimal place