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What was the inflation rate for the year

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Reference no: EM132560098

Question 1: Christine earned 7.5 percent on her investments last year. Her real rate of return was 4.6 percent. What was the inflation rate for the year?

Option 1: 2.62 percent

Option 2: 2.77 percent

Option 3: 3.06 percent

Option 4: 3.49 percent

Reference no: EM132560098

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