Question $3$

The bank is paying $6\mathrm{.}46\%$ compounded annually. The inflation

is expected to be $10\mathrm{.}54\%$ per year.

What is the market interest rate?

Enter your answer as percentage, without the $\%$ sign. Provide $2$

decimal places.

For example, if $12\mathrm{.}34\%,$ enter: $12\mathrm{.}34$