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find the interest rate if £7400 has a final value of £8663 in 2 years

 Mar 5, 2023
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8663 / 7400 ==1.170675675...........

 

[1.170675675]^(1/2)==1.08197766875  -  1  x  100 ==8.197766875% - interest rate compounded annually.

 Mar 5, 2023

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