Answer: About 6.2%
Step-by-step explanation:
He starts with 5500 and gains 893.75 in 2.5 years.
The equation is then 5500*(x)^2.5 = 5500+893.75, or
5500*x^2.5 = 6393.75.
x is about 1.0621, or about 6.2% because it's interest.
Hope that helped,
-sirswagger21
