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What is the interest rate for the given investment

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Reference no: EM131562919

Question: Solve the given problems. All numbers are accurate to at least two significant digits.

An investment of $2000 is deposited at a certain annual interest rate. One year later, $3000 is deposited in another account at the same rate. At the end of the second year, the accounts have a total value of $5319.05. What is the interest rate?

Reference no: EM131562919

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