What happens at the end of the year
Problem
Aditi deposits $1000 into a savings account that pays an annual interest rate of 5 percent. Over the course of a year, the inflation rate is 7 percent. What happens at the end of the year?
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A customer pays for a $500 Montreal Canadians Jersey with a CIBC Visa. The credit card has a 2.5% service fee. How much money is credited to Sales?
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Aditi deposits $1000 into a savings account that pays an annual interest rate of 5 percent. What happens at the end of the year?
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