The nominal, risk-free rate on T-bills recently is 2.16 %. If the real rate of interest is 1.01 %, What is the exact and approximate expected level of inflation?

The nominal, risk-free rate on T-bills recently is 2.16%. If the real rate of interest is 1.01%, what is the exact and approximate expected level of inflation? The exact expected level of inflation, i, is \%. (Round to three decimal places.) The approximate expected level of inflation, i, is % (Round to two decimal places.)