Consider the following data related to rates and inflation:

denotes the real rate of return: $5\%$

the expected rate of inflation: $4\%$

The Fisher effect as expressed in an approximate form points to a nominal rate of interest of $\_\_\_\_\_\_\_\_\_\_\_\_\_,$ while the precise formula results in a nominal interest rate of $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

Question $12$ options:

Approximate $9\mathrm{.}20\%$ Precise $10\mathrm{.}12\%$

Approximate $9\mathrm{.}00\%$ Precise $8\mathrm{.}80\%$

Approximate $9\mathrm{.}20\%$ Precise $9\mathrm{.}00\%$

Approximate $9\mathrm{.}00\%$ Precise $9\mathrm{.}20\%$