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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(Value of Stock)
Commission
Under $3,000
$25plus1.8% of principal
$3,000 to $10,000
$37plus1.4% of principal
Over $10,000
$107plus0.7% of principal
An investor purchases 152 shares at $ 11.12 a share, holds the stock for 46weeks, and then sells the stock for $ 21.29 a share.
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Part 1
The annual rate is
enter your response here%.(Round to five decimal places.)
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