1) Janet and Miriam each bought a bicycle for $140. A few months later they both sold it...
Janet sold hers for 30% less than the original price (what she paid for it)
Miriam sold hers for 25% less than the original price (what she paid for
it)
How much more money did Miriam get than Janet?

Frank is lending $1,000 to sarah for two years. frank and sarah agree that frank should earn a real return of 4 percent per year. instructions: a. the cpi (times 100) is 100 at the time that frank makes the loan. it is expected to be 113 in one year and 127.7 in two years. what nominal rate of interest should frank charge sarah?