1. You deposited $1000 into a CD account at 2.0% last year for a year. The official inflation rate was 1.97%. What was the real rate of interest?! 2. Bruce and Robbie each open up new bank accounts at time 0. Bruce deposits $500 into his bank account, and Robbie deposits $450 into his. Each account earns the same annual effective interest rate. The amount of interest earned in Bruce's account during the 7th year is equal to X. The amount of interest earned in Robbie's account during the 10th year is also equal to X. Calculate X