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30-04-2024
Mathematics

Answered

A sum of $10,000 was invested for 10 years, and the interest was compounded
monthly. If this sum amounted to $15,669.93 in the given time, what was the
interest rate?
Write your answer as a percent rounded to two decimal places. This means that
you are rounding to the nearest hundredth of a percent.

Answer :

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