Question 1117266
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5408.00 = 5000*(1+r)^2,   ====>


{{{(1+r)^2}}} = {{{5408/5000}}} = 1.0816  ====>


1 + r = {{{sqrt(1.0816)}}} = 1.04  ====>


r = 0.04 = 4%.


<U>Answer</U>.  The annual interest rate is 0.04, or 4%, compounded annually.
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