Question: Ed has made an investment that will return a fixed percentage simple interest. He knows that he started with 14000 dollars on March 10, and

Ed has made an investment that will return a fixed percentage simple interest. He knows that he started with 14000 dollars on March 10, and that on May 9, the investment is worth 14216.32 dollars. What rate of interest is he receiving? Round to two decimal places.

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