(Inflation and interest rates) What would you expect the nominal rate of interest to be if the real rate is 5.4 percent and the expected inflation rate is 2.5 percent?

The nominal rate of interest would be

______%. (Round to two decimal places.)

(Inflation and interest rates) What would you expect the nominal rate of interest to be it the real rate is 5.4 percent and the expected inflation tata is 2.5 petcent? The nominal rate of interest would be 5. (Round to two decimal places.)