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Use the commission schedule from Company A shown in the table to find the annual rate of interest earned on the investment. ( Note: commissions

Use the commission schedule from Company A shown
in the table to find the annual rate of interest earned on
the investment. (Note: commissions are rounded to the
nearest cent)
Principal (Valueof Stock) Commission
Under $3,000,$25+1.8%of principal
$3,000to $10,000,$37+1.4%of principal
An investor purchases 489 shares at $11.84 a share, holds the stock for 26 weeks, and then sells the stock for $16.41 a share.
The annual rate is %.(Round to five decimal places.)
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