Determine the annual rate of interest

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A deposit of 9,000 increased to 13,500 in 5 years. Determine the annual rate of interest used and calculate the balance at the end of year four.

Reference no: EM133115545

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Determine the annual rate of interest : A deposit of 9,000 increased to 13,500 in 5 years. Determine the annual rate of interest used and calculate the balance at the end of year four.
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