During a certain year, the consumer price index increased from 120 to 132 and the purchasing power of a persons bank account increased by 4 percent. for that year,
a. the nominal interest rate was 14 percent.
b. the inflation rate was 9 percent.
c. the nominal interest rate was 6 percent.
d. the inflation rate was 12 percent

Madeline quits her job, at which she was earning $20,000 per year. she then takes $50,000 out of savings, on which she was earning 10% interest, and uses it to buy supplies for her business. she also pays $10,000 in rent on the building and $15,000 in additional labor costs. in her first year of operations, madeline receives $150,000 in revenue from sales. instructions: round each answer to a whole number. madeline's accounting cost is