A local bank is running the following advertisement in the newspaper: "For just $$950$ we will pay you $$60$ forever!" The fine print says that for a $$950$

deposit, the bank will pay $$60$ every year in perpetuity, starting one year after the deposit is made. What interest rate is the bank advertising $($what is the

rate of return of this investment$)?$

The interest rate the bank is advertising is $\%.($Round to two decimal places.$)$