At Westonci.ca, we make it easy to get the answers you need from a community of informed and experienced contributors. Our platform connects you with professionals ready to provide precise answers to all your questions in various areas of expertise. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

Bob invested $500 at the start of the year and found he had $533 at the end of the year. What is the annual effective yield of his investment? Enter your answer as a percentage to two decimal places