If Treasury bills are currently paying 6.6 percent and the inflation rate is 1.1 percent, what is the approximate and the exact real rate of interest? (Do not round intermediate
calculations and enter your answers as a percent rounded to 2 decimal places, e. g.,
32.16.)
Approximate real rate
%
Exact real rate
%

This is what i found “an explicit formula designates the nth term of the sequence, as an expression of n (where n = the term's location). it defines the sequence as a formula in terms of n. this example is an arithmetic sequence(the same number, 5, is added to each term to get to the next term).” i hope this you for what your looking for. can you plz mark me brainliest?