A university student last year borrowed at a 10% interest rate when inflation was 5%. This year she borrows at 15% and inflation is 10%. Compared with last year, the student is:
A) in a higher tax bracket.
B) better off.
C) worse off.
D) the same.

Question

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The Answer of A university student last year borrowed at a 10% interest rate when inflation was 5%. This year she borrows at 15% and inflation is 10%. Compared with last year, the student is:
A) in a higher tax bracket.
B) better off.
C) worse off.
D) the same.

A University Student Last Year Borrowed at a 10% Interest