What rate of interest did june earn on the deposit

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Reference no: EM131964477

June Cunningham deposited $54,200 in the bank on January 1, 2006.

On January 2, 2016, this deposit has accummulated to $106,611 Interest is compounded annually. What rate of interest did June earn on the deposit?

Can you also show how to solve it on a financial calculator?

Reference no: EM131964477

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