If inflation is 8 percent and the real interest rate is 3 percent, then the nominal interest rate must be ?

If inflation is 8 percent and the real interest rate is 3 percent, the

1.	If inflation is 8 percent and the real interest rate is 3 percent, then the nominal interest rate must be ?
A.	3/8 percent
B.	5 percent
C.	11 percent
D.	24 percent
Answer» D. 24 percent