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Sofa wants to invest $5,200.00 in a savings account. Determine the simple interest rate required for Sofa's investment to grow to $11,200.00 in 3 months.
Sofa wants to invest $5,200.00 in a savings account. Determine the simple interest rate required for Sofa's investment to grow to $11,200.00 in 3 months. Round your answer to the nearest tenth of a percent and don't forget to include a percent sign, %, in your answer. The interest rate required to grow the investment to $11,200.00 is __________________.
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