$2.$ If the nominal rate were $8\mathrm{.}35\%$ and the annual inflation rate were $2\mathrm{.}50\%,$ what would be the approximate real rate?

$3.$ If the nominal rate were $7\mathrm{.}55\%$ and the real rate were $2\mathrm{.}75\%,$ what would be the approximate inflation rate?

$4.$ If the real rate were $2\mathrm{.}15\%$ and the inflation rate were $3\mathrm{.}75\%,$ what would be the approximate nominal rate?

$5.$ You currently have $17$ items and would like to have $20$ items next year.

If you expect the price of this item to increase by $2\%$ next year, approximately what nominal

rate would you need to earn in order for you to be able to afford the increase in the number of items?

INFLATION

CURRENT NUMBER OF ITEMS

DESIRED NUMBER OF ITEMS

REAL RATE

NOMINAL RATE NEEDED