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Sekhar has a savings account in a bank with an annual interest rate of 5%. If the inflation rate goes up to 7%,

Monjur Alahi

Sekhar has a savings account in a bank with an annual interest rate of 5%. If the inflation rate goes up to 7%, what will happen to the purchasing power of Sekhar’s savings? 

A) It will increase 

B) It will decrease 

C) It will remain the same

D) Can’t say as the actual money in Sekhar’s account is not given


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1 Answers

Salim Ahmed Kawsar

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B) It will decrease

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