If a nominal rate of interest is 13.36%, and the real rate of interest is 8.96%. What is the expected rate of inflation?

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This need to be round two decimal places, sorry I forgot to post that

4.40%

it stated that answer was incorrect

4.40 is incorrect is stating

no it is correct because the formula is there you can check that

when I enter 4.40 is stating that the answer is incorrect

I will send you what it states

The relationship between the nominal rate, the real rate and inflation is given by:

(1+kn)=(1+kr)x(1+3.16)

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