hi, I don't understand why the answer is 3.50%. Can you tell me what formula you use to calculate this question.

Table 5. 1 I year 2 years 3 years 1.50% 2.25 % 3.25 % Table 5 . 1 shows the interest rates for Treasury securities of different* maturities . Assume that the liquidity premium theory is correct . Refer to Table 5 . 1 On this day , what did investors expect the interest rate to be on the one - year Treasury bill in two years if the term premium on a two - year Treasury note is 0. 25% and the term premium on a three - year Treasury note is 0. 75% ?' YOU Answered . ) 2.375 % 10 3 . 25% Correct Answer 0 3 . 50 %) 0 4 . 75 %