A Year Ago,you Invested $10,000 in a Savings Account That

Multiple Choice

A year ago,you invested $10,000 in a savings account that pays an annual interest rate of 5%.What is your approximate annual real rate of return if the rate of inflation was 3.5% over the year?

A) 1.5%.
B) 10%.
C) 7%.
D) 3%.
E) none of the above.