Assume that at the beginning of the year, you purchase an investment for

$6,500

that pays

$95

annual income. Also assume the investment's value has increased to

$7,050

by the end of the year.\ a. What is the rate of return for this investment?\ Note: Input the amount as a positive value. Enter your answer as a percent rounded to 2 decimal places.

Assume that at the beginning of the year, you purchase an investment for $6,500 that pays $95 annual income. Also assume the investment's value has increased to $7,050 by the end of the year. a. What is the rate of return for this investment? Note: Input the amount as a positive value. Enter your answer as a percent rounded to 2 decimal places