Asum of $1000 was invested for 4 years, and the interest was compounded semiannually. if this sum amounted to $1459.54 in the given time, what was the interest rate? (round your answer to two decimal places.)

2. using calculations based on a perpetual inventory system, determine the inventory balance altira would report in its august 31, 2021, balance sheet and the cost of goods sold it would report in its august 2021 income statement using the average cost method. (round "average cost per unit" to 2 decimal places.)