Answer :
Answer:
Explanation:
Using Fisher equation (Which is estimating the financial mathematics and economics relationship among real interest rates nominal interest rates under inflation.) which goes like this
[tex]1+i=(1+r)(1+\pi _{e} )[/tex]
where
[tex]i = nominal interest rate\\e = real interest rate\\\pi _{e} = expected inflation rate[/tex]
Inflation = (1+0.08) / (1+0.06) - 1 = 1.88% (Could be approximated as 2%)