You invest money in a fund that paid $4\%$ simple interest paid annually. If it is worth $$14,800\mathrm{.}00$ in $2$

months,

a$)$ what is the present value? $

b$)$ What is the rate of return? $($answer as a percent $2$ decimal places$)$

$\%$

For the percent, try $\frac{F-P}{P}$