Explanation:
FV = PV ( 1+ r/n)^(n*t)
Plug in the given numbers:
$3600 = $2000 ( 1+ r/1)^(1*10)
$3600 / 2000 = (1+r)^10 Take tenth root of both sides
1.06054 = 1 + r
r = .06054 or 6 % (rounded)
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