Four years ago, an alumnus of a small university donated $905 to establish a permanent endowment for scholarships. The first scholarships were awarded 1 year after the money was donated. If the amount awarded each year (i.e., the interest) is $30.85 the rate of return earned on the fund is... (State your answer in decimal form, e.g., if i=2.345%, enter .02345. Accuracy is set at the fourth decimal. )
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