Answer:
35.2%
Step-by-step explanation:
1yr 47,000, 2nd yr 48,880, 3rd yr 51,617.28, 4th yr 57,346.7981 or 57,346.80
1yr 47,000
2nd yr 47,000 x 4% = 48,880
3rd yr 48,880 x 5.6% = 51,617.28
4th yr 51,617.28 x 11.1% = 57,346.7981 or 57,346.80
.