John makes an investment of $10,800 into an account that

Last updated: 7/10/2022

John makes an investment of $10,800 into an account that pays interest compounded annually. In addition, he makes a yearly deposit of $110. At the end of 3 years, his balance is $15,800. Determine the interest he earned on the savings account. Round your answer to two decimal places. John's annual percentage rate on his investment was %.