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1. Deniz invests $ 9 , 8 0 0 in a deposit account; After 3 years, its value is $ 1 3 , 2 5

1. Deniz invests $9,800 in a deposit account; After 3 years, its value is $13,250. What is the rate of return on investment?

2. Derya deposits $5,000 into a bank account compounded quarterly. The yearly interest rate is 8%. What is the value (worth) of the investment after 2 years?

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