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What is the rate of interest of in year two

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Question - An investor invest Shs 40,000 today and will receive Shs 10,000, Shs 15,000, and Shs 20,000 at the end of year one, two and three from today respectively, and leave a balance of Shs 5,000. if the rate of interest during years one and three is 7% and 11% per annum respectively, what is the rate of interest of in year two?

Reference no: EM133027156

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