roblems $2-5$

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

$.$ If the nominal rate were $\backslash (\backslash$mathbf$\{7.55\backslash \%\}\backslash )$ and the real rate were $\backslash (2\mathrm{.}75\backslash \%\backslash ),$ what would be the approximate inflation rate?

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

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

fyou expect the price of this item to increase by $\backslash (2\backslash \%\backslash )$ next year, approximately what nominal

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

NFLATION

CURRENT NUMBER OF ITEMS

ESIRED NUMBER OF ITEMS

$2$EAL RATE

NOMINAL RATE NEEDED