Inflation, nominal interest rates, and real rates. From 1991 to 2000 , the U.S. economy had an amnual inflation rate of around 3.30%. The historical annual nominal risk-froe rate for thia same period was around 6.30%. Using the approximate nominal interest rate equation and the true nominal inlerest rale equation, compute the real interest rate for that decade. What is the estimated real interest rate using the approximate nominal interest rate equation for that decade? (Round to two decimal places.)