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Debra took out a mortgage with a 4 . 4 % interest rate when inflation was 2 . 9 % . Suppose inflation is now

Debra took out a mortgage with a $4.4 %$ interest rate when inflation was $2.9 % .$ Suppose inflation is now $5 % .$ What would the $($ nominal $)$ interest rate on a similar loan be today?

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Question

Debra took out a mortgage with a 4 . 4 % interest rate when inflation was 2 . 9 % . Suppose inflation is now

Debra took out a mortgage with a 4.4% interest rate when inflation was 2.9%. Suppose inflation is now 5%. What would the (nominal) interest rate on a similar loan be today?

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Debra took out a mortgage with a $4.4 %$ interest rate when inflation was $2.9 % .$ Suppose inflation is now $5 % .$ What would the $($ nominal $)$ interest rate on a similar loan be today?