Assignment:
Suppose the current exchange rate for the Polish zloty is Z 2.85. The expected exchange rate in three years is Z 2.93. What is the difference in the annual inflation rates for the United States and Poland over this period? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))
Difference in annual inflation rates %
Provide complete and step by step solution for the question and show calculations and use formulas.