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The cap structure on a 5 1 ARM is stated as ' 2 2 ? 6 ' . According to the interest rate index this

The cap structure on a 51 ARM is stated as '22?6'. According to the interest rate index this ARM follows, the rate will rise by 2% in year 6, by another 2.5% in year 7, by another 2% in year 8. let's say the fixed rate was 3.5%. What interest rate would be for year 8?
A.5.5%
C.8%
E.9.5%
D.8.5%
B.7.5%
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