Question 619325
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Hi,
In General {{{A = P(1+r/n)^(nt)}}}
A = Accumulated Amount  24*402
P= principal = 8000
r= annual rate = .
n= periods per year = 1
t= years =  2
{{{ 1.206 = (1+r)^2}}}
  log(1.206)/2 = log(1+r)
     10^.0407  - 1 = r = .098, Interest Rate is 9.8%