You earned a nominal rate of return equal to 10.50% on your investments last year. The annual inflation rate is 2.

Helo please help need clear work show all calculations thank you….

You earned a nominal rate of return equal to 10.50% on your investments last year. The annual inflation rate is 2.60%

1) what was your approximate real rate of return ( round to two decimals)

2) what was your exact real rate of return ( round to two decimals)