Treasury bills are currently paying 5 percent and the inflation rate is 3.2 percent. What is the approximate real rate of interest? (Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Approximate real rate ediate calculations. Enter your answer as . percent rounded to 2 decimal places, e.g., 32.16.) Exact real rate Worksheet Learning Objective: 07-04 The impact of inflation on interest rates Difficulty: Basic Section: 7.6 Inflation and Interest Rates