You have a short rate term structure model:

ln r(t) = ln r(t-1) + m(t)*dt + v(t)*x(t), where x is a Wiener process (standard Brownian motion).

The first drift term is m(0)=0.01 and the volatility is v(0)=0.16. We are using one year time step. The random draw from standard normal distribution was x=1.0404. The initial one year short rate r(0)=0.24%. What is the next short rate r(1) when using the Monte Carlo simulation with a simple discretization we used in lectures?

Your answer must be in percentages, rounded to the basis point, e.g. 1.67432% must be entered as 1.67