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Mathematics, 18.05.2021 14:00 Kimmie2019

Chen invests $6,138 in a savings account with a fixed annual interest rate compounded 8 times per year. After 3 years, the balance reaches $11,392. What is the interest rate of the account?
(Round your answer to the nearest percent)

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Chen invests $6,138 in a savings account with a fixed annual interest rate compounded 8 times per ye...

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