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After a 1 year investment you receive 6 . 7 % interest ( nominal ) from your bank. However, looking at how prices have changed,
After a year investment you receive interest nominal from your bank. However, looking at how prices have changed, you soon realize that the real rate of interest was actually How much was inflation during that year?
Enter your answer as a percentage, rounded to decimals, and without the percentage sign For example, if your answer is then enter
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