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Two years ago, you invested $3,000.00. Today, it is worth $3,750.00. What rate of interest did you earn?
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Two years ago, you invested $3,000.00. Today, it is worth $3,750.00. What rate of interest did you earn?

User Rashid Wassan
by
7.4k points

1 Answer

7 votes

The annual interest rate is 11.803%.

Assumptions:

- Interest is compounded annually.

User DisturbedNeo
by
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